NAICS Code 531312-05 - Office & Desk Space-Rental

Marketing Level - NAICS 8-Digit

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NAICS CODE 531312-05
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NAICS Code 531312-05 Description (8-Digit)

The Office & Desk Space-Rental industry involves the leasing of office and desk space to businesses and individuals. This industry is a subdivision of the Nonresidential Property Managers industry, which is responsible for managing and leasing nonresidential properties such as office buildings, shopping centers, and industrial parks. Office & Desk Space-Rental companies provide a range of services to their clients, including furnished and unfurnished office space, meeting rooms, virtual offices, and coworking spaces.

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 531312 page

Tools

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

  • Desk chairs
  • Desks
  • Conference tables
  • Whiteboards
  • Projectors
  • Printers
  • Scanners
  • High-speed internet
  • Phone systems
  • Security systems

Industry Examples of Office & Desk Space-Rental

Common products and services typical of NAICS Code 531312-05, illustrating the main business activities and contributions to the market.

  • Coworking spaces
  • Executive suites
  • Business centers
  • Shared office spaces
  • Virtual offices
  • Incubators
  • Accelerators
  • Meeting rooms
  • Conference centers
  • Training facilities

History

A concise historical narrative of NAICS Code 531312-05 covering global milestones and recent developments within the United States.

  • The "Office & Desk Space-Rental" industry has a long history dating back to the early 20th century when Regus, one of the largest providers of flexible workspace solutions, was founded in Brussels, Belgium in 1989. The industry has since grown rapidly, with the introduction of new technologies and the rise of the gig economy. In the United States, the industry has seen significant growth in recent years, with the emergence of co-working spaces such as WeWork and the increasing demand for flexible workspaces. In 2019, the global co-working market was valued at $26 billion, with the United States accounting for the largest share of the market. The industry has also seen notable advancements in technology, with the introduction of smart office solutions and virtual office services. Source: https://www.alliedmarketresearch.com/co-working-space-market https://www.statista.com/topics/5834/co-working-spaces/ https://www.regus.com/history