NAICS Code 531311-01 - Apartment Finding & Rental Service

Marketing Level - NAICS 8-Digit

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NAICS CODE 531311-01
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NAICS Code 531311-01 Description (8-Digit)

Apartment Finding & Rental Service is a type of residential property management that specializes in helping individuals and families find suitable apartments for rent. This industry involves a range of activities, including marketing available apartments, screening potential tenants, negotiating lease agreements, and providing ongoing support to renters throughout their tenancy. Apartment Finding & Rental Service companies act as intermediaries between landlords and tenants, helping to ensure that both parties are satisfied with the rental arrangement.

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 531311 page

Tools

Tools commonly used in the Apartment Finding & Rental Service industry for day-to-day tasks and operations.

  • Apartment listing websites
  • Customer relationship management (CRM) software
  • Online payment processing systems
  • Social media platforms for advertising
  • Tenant screening software
  • Virtual tour software
  • Property management software
  • Online lease signing platforms
  • Email marketing software
  • Online scheduling tools for property viewings

Industry Examples of Apartment Finding & Rental Service

Common products and services typical of NAICS Code 531311-01, illustrating the main business activities and contributions to the market.

  • Apartment search service
  • Apartment locator
  • Rental agency
  • Property management company
  • Apartment rental service
  • Apartment finder
  • Rental assistance service
  • Apartment rental agency
  • Apartment rental locator
  • Rental property management

History

A concise historical narrative of NAICS Code 531311-01 covering global milestones and recent developments within the United States.

  • The Apartment Finding & Rental Service industry has a long history dating back to the early 1900s when the first apartment buildings were constructed in the United States. In the 1920s, the industry experienced significant growth due to the increasing demand for affordable housing. The industry continued to grow throughout the 20th century, with the introduction of new technologies such as online apartment listings and virtual tours. In recent years, the industry has seen a shift towards more sustainable and eco-friendly apartment buildings, as well as an increased focus on amenities such as fitness centers and communal spaces. In the United States, the Apartment Finding & Rental Service industry has experienced significant growth in recent years due to the increasing demand for rental properties. This growth has been driven by a number of factors, including rising home prices, changing demographics, and a shift towards urbanization. The industry has also seen the introduction of new technologies such as mobile apps and online rental platforms, which have made it easier for consumers to find and rent apartments. Overall, the industry is expected to continue to grow in the coming years, driven by factors such as population growth and changing consumer preferences.