NAICS Code 531120

NAICS 531120

NAICS Code 531120 – Lessors of Nonresidential Buildings (except Miniwarehouses)

Definition of NAICS Code 531120: 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.
  • You can also download your own copy of the complete 2017 NAICS Classification Manual. The NAICS Manual is updated every five years. The 2017 copy will be applicable until a new edition is produced in 2022.

Cross Reference Guide for Code 531120

What codes are similar to this classification that might be a more applicable code? The cross-reference guide below displays the codes for other similar industries. Please review to find the most applicable classification.

  • Acting as lessors of buildings used as residences or dwellings–are classified in Industry NAICS 531110, Lessors of Residential Buildings and Dwellings;
  • Renting or leasing space for self-storage–are classified in Industry NAICS 531130, Lessors of Miniwarehouses and Self-Storage Units;
  • Managing nonresidential real estate for others–are classified in U.S. Industry NAICS 531312, Nonresidential Property Managers;
  • Providing a range of office support services, such as mailbox rental, other postal and mailing (except direct mail advertising) services, document copying services, facsimile services, word processing services or on-site personal computer rental, that are not providing office space–are classified in Industry 56143, Business Service Centers;
  • Managing and operating arenas, stadiums, theaters, or other related facilities and promoting and organizing performing arts productions, sports events, and similar events at those facilities–are classified in Industry NAICS 711310, Promoters of Performing Arts, Sports, and Similar Events with Facilities; and
  • Operating public and contract general merchandise warehousing and storage facilities–are classified in Industry NAICS 493110, General Warehousing and Storage.

Other Index Entries for NAICS 531120

The North American Industry Classification System contains multiple index entries that are each descriptive of the same code. The bulleted list below shows all applicable index entries (Current and former) that are associated with this classification. These index entries further elaborate on the scope of applicable industries that have already been defined at the top of this page.

  • Arena, no promotion of events, rental or leasing
  • Auditorium rental or leasing
  • Bank building rental or leasing
  • Banquet hall rental or leasing
  • Building, nonresidential (except miniwarehouse), rental or leasing
  • Commercial building rental or leasing
  • Concert hall, no promotion of events, rental or leasing
  • Conference center, no promotion of events, rental or leasing
  • Convention center, no promotion of events, rental or leasing
  • Dance hall rental or leasing
  • Dock and associated building rental or leasing
  • Equity real estate investment trusts (REITs), primarily leasing nonresidential buildings (except miniwarehouses)
  • Executive suites (i.e., full service office space provision)
  • Exhibition hall, no promotion of events, rental or leasing
  • Flea market space, under roof, rental or leasing
  • Full service office space provision
  • Hall and banquet room, nonresidential, rental or leasing
  • Hall, nonresidential, rental or leasing
  • Hotel building rental or leasing, not operating hotel
  • Industrial building rental or leasing
  • Insurance building rental or leasing
  • Lessors of nonresidential buildings (except miniwarehouses)
  • Mall property operation (i.e., not operating contained businesses) rental or leasing
  • Manufacturing building rental or leasing
  • Medical building rental or leasing
  • Meeting hall and room rental or leasing
  • Motel building, not operating motel, rental or leasing
  • Nonresidential building (except miniwarehouse) rental or leasing
  • Office building rental or leasing
  • Piers and associated building rental or leasing
  • Professional office building rental or leasing
  • Real estate rental or leasing of nonresidential building (except miniwarehouse)
  • Reception hall rental or leasing
  • Shopping center (i.e., not operating contained businesses) rental or leasing
  • Stadium rental or leasing without promotion of events
  • Theater, property operation, rental or leasing

Suggested Insurance Conversion Table for NAICS Code 531120

Looking for an insurance classification other than the North American Industry Classification System? If a company falls within the industry defined on this page, then the class codes mentioned below may be applicable. Please note that the bulleted cross-reference guide below is not authoritative. Users should have an insurance professional review to ensure proper insurance classification.

  • NCCI WC (Varies by state): 9015NAICS 531120
  • CA WC: 9015
  • DE WC: 971
  • PA WC: 971
  • MI WC: 9015
  • NJ WC: 9015
  • NY WC: 9015
  • WY WC: 531120
  • GL: 6512
  • SIC: 61227, 61224, 61225, 61212, 61216, 63217, 63218, 63215, 63216, 63218, 63219, 63220, 44009, 44276, 44277, 15119, 15120, 15123, 15124, 46607, 67634, 67635, 48557, 48558, 68604, 68607, 68703, 49802

Resources: Praxiom, AceGroupTDICalifornia Division of Workers Compensation, Delaware Workers Compensation Manual, Pennsylvania Workers Compensation Manual, Michigan Workers’ Compensation Placement Facility: Classification Definitions, New Jersey Workers Compensation and Employers Liability Insurance Manual, New York Workers Compensation and Employers Liability, North American Industry Classification System, Florida Underwriting Guide: Commercial General Liability Classifications,  Standard Industrial Classifications.

The suggested cross reference guide for NAICS code 531120 is based on our research using the resources cited above.

Correlating Code Breakdown for 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 (Where you are now). If the code on this page does not describe the industry of the business in question, then select the largest applicable code below. From there, follow through 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 53112: Lessors of Nonresidential Buildings (except Miniwarehouses)
  • 6 Digit Code(s) NAICS 531120: Lessors of Nonresidential Buildings (except Miniwarehouses)
Other helpful NAICS Downloads

View the download page for the material below.

NAICS Code 531120