NAICS Code 531120-12 - Rental Space

Marketing Level - NAICS 8-Digit

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Contact Emails: 462
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Phone Numbers: 158
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NAICS CODE 531120-12
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Looking for more companies? See NAICS 531120 - Lessors of Nonresidential Buildings (except Miniwarehouses) - 13,498 companies, 30,658 emails.

NAICS Code 531120-12 Description (8-Digit)

Rental Space is a type of industry that involves the leasing of nonresidential buildings, excluding miniwarehouses, to businesses for commercial purposes. This industry provides a range of spaces for rent, including office spaces, retail spaces, warehouses, and industrial spaces. Rental Space companies typically offer flexible lease terms to accommodate the needs of their clients, which can range from short-term leases to long-term leases. The industry is highly competitive, and companies must constantly adapt to changing market conditions to remain profitable.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 531120 page

Tools

Tools commonly used in the Rental Space industry for day-to-day tasks and operations.

  • Property management software
  • Online listing platforms
  • Lease agreement templates
  • Tenant screening tools
  • Accounting software
  • Maintenance and repair tools
  • Marketing and advertising tools
  • Security systems
  • Customer relationship management (CRM) software
  • Virtual tour software

Industry Examples of Rental Space

Common products and services typical of NAICS Code 531120-12, illustrating the main business activities and contributions to the market.

  • Office spaces for rent
  • Retail spaces for lease
  • Warehouses for rent
  • Industrial spaces for lease
  • Event spaces for rent
  • Co-working spaces for lease
  • Art studios for rent
  • Photography studios for lease
  • Recording studios for rent
  • Dance studios for lease

History

A concise historical narrative of NAICS Code 531120-12 covering global milestones and recent developments within the United States.

  • The rental space industry has a long history dating back to ancient times when landlords rented out their properties to tenants. In the 19th century, the industrial revolution led to the development of large factories and warehouses, which were rented out to businesses. In the 20th century, the rental space industry expanded to include office buildings, retail spaces, and storage facilities. In recent years, the industry has seen significant growth due to the rise of e-commerce and the need for more warehouse and distribution space. In the United States, the rental space industry has been impacted by the COVID-19 pandemic, with many businesses downsizing or closing their physical locations and shifting to online sales.