NAICS 3 Digit Subsector Code 531

Subsector 531

NAICS Subsector Code 531 – Real Estate

Definition of NAICS 3 Digit Subsector Code 531: 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.

This subsector includes equity Real Estate Investment Trusts (REITs) that are primarily engaged in leasing buildings, dwellings, or other real estate property to others. Mortgage REITs are classified in Subsector 525, Funds, Trusts, and Other Financial Vehicles.

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.

Three Digit Subsector Breakdown for the North American Industry Classification System

NAICS codes are broken down by digit. The broadest description starts with the 2 digit sector codes. The 3 digit subsector codes are more specific, then the 4 digit industry group, 5 digit industry, and the most specific is the 6 digit NAICS code. If NAICS Subsector 531 does not describe the industry of the business in question, then select the largest applicable code below. From there, follow the progression of smaller digits to the larger digits in order to obtain the most specific 6 digit classification.

  • Sector 53: Real Estate and Rental and Leasing
    • Subsector 531: Real Estate
      • Industry Group 5311: Lessors of Real Estate
        • Industry 53111: Lessors of Residential Buildings and Dwellings
          • 6 Digit Code(s) NAICS 531110: Lessors of Residential Buildings and Dwellings
        • Industry 53112: Lessors of Nonresidential Buildings (except Miniwarehouses)
          • 6 Digit Code(s) NAICS 531120: Lessors of Nonresidential Buildings (except Miniwarehouses)
        • Industry 53113: Lessors of Miniwarehouses and Self-Storage Units
          • 6 Digit Code(s) NAICS 531130: Lessors of Miniwarehouses and Self-Storage Units
        • Industry 53119: Lessors of Other Real Estate Property
          • 6 Digit Code(s) NAICS 531190: Lessors of Other Real Estate Property
      • Industry Group 5312: Offices of Real Estate Agents and Brokers
        • Industry 53121: Offices of Real Estate Agents and Brokers
          • 6 Digit Code(s) NAICS 531210: Offices of Real Estate Agents and Brokers
      • Industry Group 5313: Activities Related to Real Estate
        • Industry 53131: Real Estate Property Managers
          • 6 Digit Code(s) NAICS 531311: Residential Property Managers
          • 6 Digit Code(s) NAICS 531312: Nonresidential Property Managers
        • Industry 53132: Offices of Real Estate Appraisers
          • 6 Digit Code(s) NAICS 531320: Offices of Real Estate Appraisers
        • Industry 53139: Other Activities Related to Real Estate
          • 6 Digit Code(s) NAICS 531390: Other Activities Related to Real Estate

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NAICS 3 Digit Subsector Code 531