NAICS Code 531 — Real Estate

Subsector in the official 2022 North American Industry Classification System (U.S. Census Bureau). It contains 3 direct sub-codes.

Code	`531`
Title	Real Estate
Level	Subsector (3-digit)
Edition	NAICS 2022 edition

Official definition (2022 NAICS)

Industries in the Real Estate subsector group establishments 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) 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.

Where 531 sits in the hierarchy

Level	Code	Title
Sector	`53`	Real Estate and Rental and Leasing
Subsector	`531`	Real Estate

Codes under 531

Code	Title
`5311`	Lessors of Real Estate
`5312`	Offices of Real Estate Agents and Brokers
`5313`	Activities Related to Real Estate

Related Subsector codes

532 — Rental and Leasing Services
533 — Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)

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Data: official 2022 NAICS structure, descriptions and Census concordances, U.S. Census Bureau — U.S. government works in the public domain (17 U.S.C. §105). Suggested reference, not an official determination.