Nonresidential Property Managers
Key Figures
Figures are published for NAICS 531312 directly.
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Official definition
This U.S. industry comprises establishments primarily engaged in managing nonresidential real estate for others.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
Nonresidential Property Managers comprises establishments that manage commercial, industrial, or other non-residential real properties on behalf of property owners. The boundary with Residential Property Managers turns on property type: nonresidential managers oversee office buildings, retail spaces, warehouses, and similar commercial structures, while residential property managers handle apartment buildings, single-family homes, and other housing facilities.
Where this sits
Related classifications
Related guides
US property management employs 707.7K across 78.9K establishments. Residential vs commercial, PropTech, fee pressure, consolidation, and the 2026 outlook.
US real estate statistics from the federal record: 163,894 brokerage offices, sector employment and Economic Census receipts — with the association-sourced
The average US property manager charges 8.49% of monthly rent (iPropertyManagement). See the full fee stack, flat vs percentage, and how to judge a quote.