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2002 NAICS Definitions
531 Real Estate

 

531 Real Estate

Industries in the Real Estate subsector group establishments that are primarily engaged in renting or leasing real estate to others; managing real estate for others; selling, buying, or renting real estate for others; and providing other real estate related services, such as appraisal services. Establishments primarily engaged in subdividing and developing unimproved real estate and constructing buildings for sale are classified in Subsector 236, Construction of Buildings.

Establishments primarily engaged in subdividing and improving raw land for subsequent sale to builders are classified in Subsector 237, Heavy and Civil Engineering Construction.

Real Estate Investment Trusts (REITS) are classified in Subsector 525, Funds, Trusts, and Other Financial Vehicles, because they are considered investment vehicles.

 

5311 Lessors of Real Estate

 

53111 Lessors of Residential Buildings and Dwellings

See industry description for 531110 below.

 

531110 Lessors of Residential Buildings and Dwellings

This industry comprises establishments primarily engaged in acting as lessors of buildings used as residences or dwellings, such as single-family homes, apartment buildings, and town homes. Included in this industry are owner-lessors and establishments renting real estate and then acting as lessors in subleasing it to others. The establishments in this industry may manage the property themselves or have another establishment manage it for them.

Cross-References. Establishments primarily engaged in managing residential real estate for others are classified in U.S. Industry 531311, Residential Property Managers.

Go to: No change 1997 to 2002 2002 NAICS to 1987 SIC 1997 Economic Census Bridge Between 1997 NAICS and SIC
2002
NAICS		1997
NAICS		1987
SIC		Corresponding Index Entries
5311105311106513Apartment building rental or leasing
5311105311106513Apartment hotel rental or leasing
5311105311106513Apartment rental or leasing
5311105311106513Building, apartment, rental or leasing
531110531110 Building, residential, rental or leasing
5311105311106514Cottage rental or leasing
5311105311106514Duplex houses (i.e., single family) rental or leasing
5311105311106514Dwelling rental or leasing
5311105311106514Houses rental or leasing
5311105311106531Housing authorities operating residential buildings
531110531110 Lessors of residential buildings and dwellings
5311105311106514Mobile (manufactured) home, on site, rental or leasing
531110531110 Real estate rental or leasing of residential building
531110531110 Residential building rental or leasing
5311105311106513Residential hotel rental or leasing
5311105311106513Retirement hotel rental or leasing
5311105311106514Single family house rental or leasing
5311105311106514Town house rental or leasing

 

53112 Lessors of Nonresidential Buildings (except Miniwarehouses)

See industry description for 531120 below.

 

531120 Lessors of Nonresidential Buildings (except Miniwarehouses)

This industry comprises establishments primarily engaged in acting as lessors of buildings (except miniwarehouses and self-storage units) that are not used as residences or dwellings. Included in this industry are: (1) owner-lessors of nonresidential buildings; (2) establishments renting real estate and then acting as lessors in subleasing it to others; and (3) establishments providing full service office space, whether on a lease or service contract basis. The establishments in this industry may manage the property themselves or have another establishment manage it for them.

Cross-References. Establishments primarily engaged in--

Go to: No change 1997 to 2002 2002 NAICS to 1987 SIC 1997 Economic Census Bridge Between 1997 NAICS and SIC
2002
NAICS		1997
NAICS		1987
SIC		Corresponding Index Entries
5311205311206512Arena, no promotion of events, rental or leasing
5311205311206512Auditorium rental or leasing
5311205311206512Bank building rental or leasing
5311205311206512Banquet hall rental or leasing
5311205311206512Building, nonresidential (except miniwarehouse), rental or leasing
5311205311206512Commercial building rental or leasing
5311205311206512Concert hall, no promotion of events, rental or leasing
5311205311206512Conference center, no promotion of events, rental or leasing
5311205311206512Convention center, no promotion of events, rental or leasing
5311205311206512Dance hall rental or leasing
5311205311206512Dock and associated building rental or leasing
5311205311206512Executive suites (i.e., full service office space provision)
5311205311206512Exhibition hall, no promotion of events, rental or leasing
5311205311206512Flea market space, under roof, rental or leasing
5311205311206512Full service office space provision
5311205311206512Hall and banquet room, nonresidential, rental or leasing
5311205311206512Hall, nonresidential, rental or leasing
5311205311206512Hotel building rental or leasing, not operating hotel
5311205311206512Industrial building rental or leasing
5311205311206512Insurance building rental or leasing
5311205311206512Lessors of nonresidential buildings (except miniwarehouses)
5311205311206512Mall property operation (i.e., not operating contained businesses) rental or leas
5311205311206512Manufacturing building rental or leasing
5311205311206512Medical building rental or leasing
5311205311206512Meeting hall and room rental or leasing
5311205311206512Motel building, not operating motel, rental or leasing
5311205311206512Nonresidential building (except miniwarehouse) rental or leasing
5311205311206512Office building rental or leasing
5311205311206512Piers and associated building rental or leasing
5311205311206512Professional office building rental or leasing
5311205311206512Real estate rental or leasing of nonresidential building (except miniwarehouse)
5311205311206512Reception hall rental or leasing
5311205311206512Shopping center (i.e., not operating contained businesses) rental or leasing
5311205311206512Stadium rental or leasing without promotion of events
5311205311206512Theater, property operation, rental or leasing

 

53113 Lessors of Miniwarehouses and Self-Storage Units

See industry description for 531130 below.

 

531130 Lessors of Miniwarehouses and Self-Storage Units

This industry comprises establishments primarily engaged in renting or leasing space for self- storage. These establishments provide secure space (i.e., rooms, compartments, lockers, containers, or outdoor space) where clients can store and retrieve their goods.

Cross-References. Establishments primarily engaged in--

Go to: No change 1997 to 2002 2002 NAICS to 1987 SIC 1997 Economic Census Bridge Between 1997 NAICS and SIC
2002
NAICS		1997
NAICS		1987
SIC		Corresponding Index Entries
5311305311304225Lessors of miniwarehouses
5311305311304225Lessors of self storage units
5311305311304225Miniwarehouse rental or leasing
5311305311304225Real estate rental or leasing of miniwarehouses and self-storage units
5311305311304225Self-storage unit rental or leasing
5311305311304225Self-storage warehousing
5311305311304225U-lock storage
5311305311304225Warehousing, self storage

 

53119 Lessors of Other Real Estate Property

See industry description for 531190 below.

 

531190 Lessors of Other Real Estate Property

This industry comprises establishments primarily engaged in acting as lessors of real estate (except buildings), such as manufactured home (i.e., mobile home) sites, vacant lots, and grazing land.

Cross-References. Establishments primarily engaged in--

Go to: No change 1997 to 2002 2002 NAICS to 1987 SIC 1997 Economic Census Bridge Between 1997 NAICS and SIC
2002
NAICS		1997
NAICS		1987
SIC		Corresponding Index Entries
5311905311906519Agricultural property rental leasing
5311905311906519Airport leasing, not operating airport, rental or leasing
5311905311906519Farmland rental or leasing
5311905311906519Flea market space (except under roof) rental or leasing
5311905311906519Forest land rental or leasing
5311905311906519Grazing land rental or leasing
5311905311906519Land rental or leasing
5311905311906515Manufactured (mobile) home parks
5311905311906515Manufactured (mobile) home sites rental or leasing
5311905311906519Mining property leasing
5311905311906515Mobile (manufactured) home parks
5311905311906515Mobile (manufactured) home site rental or leasing
5311905311906517Railroad right of way leasing
531190531190 Real estate (except building) rental or leasing
5311905311906515Residential trailer parks
5311905311906515Trailer park or court, residential
5311905311906519Vacant lot rental or leasing
5311905311906519Vacation and recreation land rental or leasing

 

5312 Offices of Real Estate Agents and Brokers

 

53121 Offices of Real Estate Agents and Brokers

See industry description for 531210 below.

 

531210 Offices of Real Estate Agents and Brokers

This industry comprises establishments primarily engaged in acting as agents and/or brokers in one or more of the following: (1) selling real estate for others; (2) buying real estate for others; and (3) renting real estate for others.

Go to: No change 1997 to 2002 2002 NAICS to 1987 SIC 1997 Economic Census Bridge Between 1997 NAICS and SIC
2002
NAICS		1997
NAICS		1987
SIC		Corresponding Index Entries
5312105312106531Agencies, real estate
5312105312106531Agents, real estate
5312105312106531Brokerages, real estate
5312105312106531Brokers' offices, real estate
5312105312106531Buyers' agents, real estate, offices
5312105312106531Buying agencies, real estate
5312105312106531Buying real estate for others (i.e., agents, brokers)
5312105312106531Commercial real estate agencies
5312105312106531Commercial real estate agents' offices
5312105312106531Exclusive buyers' agencies
5312105312106531Exclusive buyers' agents, offices of
5312105312106531Real estate agencies
5312105312106531Real estate agents' offices
5312105312106531Real estate brokerages
5312105312106531Real estate brokers' offices
5312105312106531Renting real estate for others (i.e., agents, brokers)
5312105312106531Residential real estate agencies
5312105312106531Residential real estate agents' offices
5312105312106531Residential real estate brokerages
5312105312106531Residential real estate brokers' offices
5312105312106531Selling real estate for others (i.e., agents, brokers)

 

5313 Activities Related to Real Estate

This industry group comprises establishments primarily engaged in providing real estate services (except lessors of real estate and offices of real estate agents and brokers). Included in this industry group are establishments primarily engaged in activities, such as managing real estate for others and appraising real estate.

 

53131 Real Estate Property Managers

This industry comprises establishments primarily engaged in managing real property for others. Management includes ensuring that various activities associated with the overall operation of the property are performed, such as collecting rents, and overseeing other services (e.g., maintenance, security, trash removal.)

Cross-References.

 

531311 Residential Property Managers

This U.S. industry comprises establishments primarily engaged in managing residential real estate for others.

Cross-References.

Go to: No change 1997 to 2002 2002 NAICS to 1987 SIC 1997 Economic Census Bridge Between 1997 NAICS and SIC
2002
NAICS		1997
NAICS		1987
SIC		Corresponding Index Entries
5313115313116531Apartment managers' offices
5313115313116531Condominium managers' offices, residential
5313115313116531Cooperative apartment managers' offices
5313115313116531Managers' offices, residential condominium
5313115313116531Managers' offices, residential real estate
5313115313116531Managing cooperative apartments
5313115313116531Managing residential condominiums
5313115313116531Managing residential real estate
5313115313116531Property managers' offices, residential real estate
5313115313116531Property managing, residential real estate
5313115313116531Real estate property managers' offices, residential
5313115313116531Residential property managing
5313115313116531Residential real estate property managers' offices

 

531312 Nonresidential Property Managers

This U.S. industry comprises establishments primarily engaged in managing nonresidential real estate for others.

Cross-References.

Go to: No change 1997 to 2002 2002 NAICS to 1987 SIC 1997 Economic Census Bridge Between 1997 NAICS and SIC
2002
NAICS		1997
NAICS		1987
SIC		Corresponding Index Entries
5313125313126531Commercial property managing
5313125313126531Commercial real estate property managers' offices
5313125313126531Condominium managers' offices, commercial
5313125313126531Managers' offices, commercial condominium
5313125313126531Managers' offices, commercial real estate
5313125313126531Managers' offices, nonresidential real estate
5313125313126531Managing commercial condominiums
5313125313126531Managing commercial real estate
5313125313126531Nonresidential property managing
5313125313126531Property managers' offices, commercial real estate
5313125313126531Property managers' offices, nonresidential real estate
5313125313126531Property managing, commercial real estate
5313125313126531Property managing, nonresidential real estate
5313125313126531Real estate property managers' offices, commercial

 

53132 Offices of Real Estate Appraisers

See industry description for 531320 below.

 

531320 Offices of Real Estate Appraisers

This industry comprises establishments primarily engaged in estimating the fair market value of real estate.

Go to: No change 1997 to 2002 2002 NAICS to 1987 SIC 1997 Economic Census Bridge Between 1997 NAICS and SIC
2002
NAICS		1997
NAICS		1987
SIC		Corresponding Index Entries
5313205313206531Appraisal services, real estate
5313205313206531Appraisers' offices, real estate
5313205313206531Real estate appraisal services
5313205313206531Real estate appraisers' offices

 

53139 Other Activities Related to Real Estate

See industry description for 531390 below.

 

531390 Other Activities Related to Real Estate

This industry comprises establishments primarily engaged in performing real estate related services (except lessors of real estate, offices of real estate agents and brokers, real estate property managers, and offices of real estate appraisers).

Cross-References. Establishments primarily engaged in--

Go to: No change 1997 to 2002 2002 NAICS to 1987 SIC 1997 Economic Census Bridge Between 1997 NAICS and SIC
2002
NAICS		1997
NAICS		1987
SIC		Corresponding Index Entries
5313905313906531Agencies, real estate escrow
5313905313906531Agents' offices, real estate escrow
5313905313906531Consultants', real estate (except appraisers), offices
5313905313906531Escrow agencies, real estate
5313905313906531Fiduciaries', real estate, offices
5313905313906531Listing services, real estate
5313905313906531Real estate asset management services (except property management)
5313905313906531Real estate consultants' (except agents, appraisers) offices
5313905313906531Real estate escrow agencies
5313905313906531Real estate escrow agents' offices
5313905313906531Real estate fiduciaries' offices
5313905313906531Real estate listing services