NAICS Code for Property Management
The NAICS code for property management depends on the type of property being managed. Most property management companies are classified under one of these two NAICS codes: 531311 (Residential Property Managers) or 531312 (Nonresidential Property Managers).
A simple way to choose: residential (homes, apartments, condos) = 531311; nonresidential (commercial/industrial properties, office buildings, retail centers) = 531312.
How to choose the correct NAICS code for property management
Decision rule: use the code that matches the primary management activity and the property type being managed.
NAICS codes for property management companies
NAICS 531311 – Residential Property Managers
Property management firms primarily engaged in managing residential real estate for others.
- Apartment managers’ offices
- Residential condominium management
- Cooperative apartment management
- Resort or vacation property management (when primarily residential)
Code page: NAICS 531311.
NAICS 531312 – Nonresidential Property Managers
Property management firms primarily engaged in managing nonresidential real estate for others.
- Commercial property managers’ offices
- Managing office buildings, retail centers, industrial properties
- Managing commercial condominiums
Code page: NAICS 531312.
View related real estate codes that are commonly confused with property management
These codes are often searched alongside “property management” but may describe different primary activities.
| When you might see it | NAICS code | What it usually means |
|---|---|---|
| Owns property and rents/leasing its own buildings | 531190 | Lessors of other real estate property (ownership/lessor activity, not third-party management) |
| Property & casualty insurance companies | 524126 | Insurance carriers (insurance is the primary activity) |
| Land development/subdivision activity | 237210 | Land subdivision and development work (construction-related activity) |
| Government property administration/support functions | 921190 | Government support activities (public administration) |
Tip: If the company primarily manages property for others, start with 531311 or 531312. If it primarily owns and leases property, compare against the 5311/53119 lessor categories.
Property management company types (quick mapping)
Commercial property management
Managing office buildings, retail centers, commercial condos, and other nonresidential properties.
Most commonly: 531312
Residential property management
Managing apartments, homes, condos, co-ops, and residential communities for others.
Most commonly: 531311
Common “not property management” cases
Owning rental property (landlord/lessor) is not the same as third-party property management.
If the primary activity is leasing the company’s own property, compare against lessor codes such as
531190 (and other 5311 categories).
Construction or development activity is not property management.
If the primary activity is land subdivision/development, compare against 237210.
FAQ
- What is the NAICS code for property management?
Most property management firms use 531311 (residential) or 531312 (nonresidential). - Is property management in NAICS Sector 53?
Yes. Property management is part of Sector 53 – Real Estate and Rental and Leasing. - What if a company manages both residential and commercial properties?
Choose the code that best matches the company’s primary (dominant) line of work. - Is a landlord the same as a property management company?
Not necessarily. Landlords/lessors are typically classified under 5311/531190 when the primary activity is leasing their own property, while property managers are classified under 531311/531312 when managing for others.
Next steps
Start by determining whether the business primarily manages residential or nonresidential property for others. Then confirm fit using the code descriptions on the linked NAICS pages.
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