NAICS Code 531210-05 - Real Estate Management

Marketing Level - NAICS 8-Digit

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NAICS CODE 531210-05
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Looking for more companies? See NAICS 531210 - Offices of Real Estate Agents and Brokers - 184,954 companies, 661,674 emails.

NAICS Code 531210-05 Description (8-Digit)

Real Estate Management is a subdivision of the NAICS Code 531210 that involves the operation, control, and oversight of real estate properties on behalf of property owners. Real Estate Management companies are responsible for ensuring that properties are well-maintained, occupied, and generating revenue. This industry requires a deep understanding of the real estate market, property management, and financial management.

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 531210 page

Tools

Tools commonly used in the Real Estate Management industry for day-to-day tasks and operations.

  • Property management software
  • Customer relationship management (CRM) software
  • Accounting software
  • Project management software
  • Marketing automation software
  • Lease management software
  • Maintenance management software
  • Business intelligence software
  • Electronic signature software
  • Virtual tour software

Industry Examples of Real Estate Management

Common products and services typical of NAICS Code 531210-05, illustrating the main business activities and contributions to the market.

  • Commercial property management
  • Residential property management
  • Vacation property management
  • Retail property management
  • Industrial property management
  • Office property management
  • Multi-family property management
  • Senior living property management
  • Student housing property management
  • Homeowners association (HOA) management

History

A concise historical narrative of NAICS Code 531210-05 covering global milestones and recent developments within the United States.

  • Real Estate Management is a sub-industry of the NAICS Code 531210, which is Offices of Real Estate Agents and Brokers. The industry has a long history dating back to the early 1900s when the first property management companies were established in the United States. These companies were primarily focused on managing commercial properties such as office buildings and retail spaces. In the 1960s, the industry saw a significant shift towards managing residential properties, and by the 1980s, the industry had become a significant player in the real estate market. In recent years, the industry has seen a surge in technological advancements, with the introduction of property management software, online rent payment systems, and virtual property tours. Real Estate Management has been growing steadily in the United States over the past few decades. The industry has seen a significant increase in demand due to the rise in real estate investments and the growing number of rental properties. The industry has also been impacted by the COVID-19 pandemic, with many property management companies implementing new safety protocols and virtual property tours to adapt to the changing market. Overall, the Real Estate Management industry has a rich history and continues to evolve with the changing needs of the real estate market.