Lessors of Nonresidential Buildings (Except Miniwarehouses)
Key Figures
Figures are published for NAICS 531120 directly.
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Official definition
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.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
Code 531120 covers establishments that lease nonresidential buildings such as office or commercial structures to tenants, including owner-lessors and those subleasing property they have rented. This code excludes miniwarehouses and self-storage units, which are classified in Lessors of Miniwarehouses and Self-Storage Units. Establishments leasing residential buildings or dwellings belong instead in Lessors of Residential Buildings and Dwellings.