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NAICS Code 531312-03 Description (8-Digit)

Garage management is a specialized industry that involves the management and maintenance of parking garages and parking lots. This industry is responsible for ensuring that parking facilities are clean, safe, and well-maintained. Garage management companies are typically hired by property owners or managers to oversee the day-to-day operations of parking facilities, including staffing, maintenance, and security.

Hierarchy Navigation for NAICS Code 531312-03

Tools

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

  • Parking management software
  • Parking meters and payment systems
  • Parking enforcement equipment (e.g. ticket writers, booting devices)
  • Security cameras and monitoring systems
  • Cleaning equipment (e.g. pressure washers, sweepers)
  • Maintenance tools (e.g. power tools, hand tools)
  • Lighting fixtures and bulbs
  • Signage and wayfinding systems
  • Traffic cones and barriers
  • Safety equipment (e.g. first aid kits, fire extinguishers)

Industry Examples of Garage Management

Common products and services typical of NAICS Code 531312-03, illustrating the main business activities and contributions to the market.

  • Commercial parking garages
  • Airport parking lots
  • Hospital parking facilities
  • Stadium and arena parking lots
  • Shopping mall parking garages
  • University parking lots
  • Convention center parking facilities
  • Government building parking lots
  • Office building parking garages
  • Residential building parking facilities

Certifications, Compliance and Licenses for NAICS Code 531312-03 - Garage Management

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Certified Parking Professional (CPP): This certification is offered by the National Parking Association (NPA) and is designed for professionals in the parking industry, including garage management. The CPP certification demonstrates a comprehensive understanding of parking management principles, practices, and technologies.
  • Certified Facility Manager (CFM): The International Facility Management Association (IFMA) offers this certification for professionals who manage facilities, including parking garages. The CFM certification demonstrates a comprehensive understanding of facility management principles, practices, and technologies.
  • OSHA 10-Hour General Industry Training: This training is offered by the Occupational Safety and Health Administration (OSHA) and covers general safety and health hazards that are common in the workplace, including parking garages. The training is designed to help workers and managers identify and prevent workplace hazards.
  • LEED Green Associate: The Leadership in Energy and Environmental Design (LEED) Green Associate certification is offered by the U.S. Green Building Council (USGBC) and demonstrates a comprehensive understanding of green building principles and practices. This certification is relevant for garage management professionals who are interested in sustainable building practices.
  • Certified Manager Of Community Associations (CMCA): The Community Associations Institute (CAI) offers this certification for professionals who manage community associations, including those that may include parking garages. The CMCA certification demonstrates a comprehensive understanding of community association management principles and practices.

History

A concise historical narrative of NAICS Code 531312-03 covering global milestones and recent developments within the United States.

  • Garage management has been around for decades, with the first parking garage being built in 1901 in Boston. The industry has since grown to include various services such as valet parking, parking enforcement, and parking lot maintenance. In the United States, the industry saw significant growth in the 1950s and 1960s with the rise of suburbanization and car ownership. In recent years, the industry has seen advancements in technology, such as the implementation of automated parking systems and the use of mobile apps for parking payment and reservation.

Future Outlook for Garage Management

The anticipated future trajectory of the NAICS 531312-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The garage management industry in the USA is expected to grow in the coming years due to the increasing demand for parking spaces in urban areas. The rise of ride-sharing services and the increasing number of vehicles on the road are also expected to contribute to the growth of the industry. The industry is also expected to benefit from the increasing adoption of smart parking solutions, which can help optimize parking space utilization and improve the overall parking experience for customers. However, the industry may face challenges such as increasing competition from new entrants and the need to adapt to changing customer preferences and technological advancements.

Industry Innovations for NAICS Code 531312-03

Recent groundbreaking advancements and milestones in the Garage Management industry, reflecting notable innovations that have reshaped its landscape.

  • Automated Parking Systems: These systems use sensors and software to automate the parking process, reducing the need for human intervention and improving efficiency.
  • Mobile Payment Solutions: Many garage management companies are adopting mobile payment solutions, allowing customers to pay for parking using their smartphones.
  • Electric Vehicle Charging Stations: With the increasing popularity of electric vehicles, many garage management companies are installing charging stations to cater to the needs of electric vehicle owners.
  • Real-Time Parking Availability Tracking: Some garage management companies are using sensors and software to track parking space availability in real-time, allowing customers to find available parking spaces more easily.
  • Valet Parking Services: Some garage management companies are offering valet parking services, providing customers with a more convenient and hassle-free parking experience.

NAICS Code 531312-03 - Garage Management

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