Lessors of Residential Buildings & Dwellings
Key Figures
Figures are published for NAICS 531110 directly.
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Official definition
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.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
NAICS 531110 covers establishments that lease residential buildings and dwellings, including single-family homes, apartment buildings, and town homes, whether they manage the property themselves or contract management to others. The distinction from nonresidential lessors lies in the residential use of the leased buildings; commercial and office buildings are classified in Lessors of Nonresidential Buildings. Self-storage facilities and miniwarehouses form a separate classification despite being real property leasing activities.