Major Group SIC 6513 - Operators Or Apartment Buildings

SIC 6513 - Operators Or Apartment Buildings

SIC 65 - Real Estate
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 651 - Real Estate Operators (except Developers) And Lessors
  SIC 651 - Real Estate Operators (except Developers) And Lessors SIC 653 - Real Estate Agents And Managers SIC 654 - Title Abstract Offices SIC 655 - Land Subdividers And Developers
  - SIC 6513 - Operators Or Apartment Buildings
    SIC 6512 - Operators Of Nonresidential Buildings SIC 6513 - Operators Or Apartment Buildings SIC 6514 - Operators Of Dwellings Other Than Apartment Buildings SIC 6515 - Operators Of Residential Mobile Home Sites SIC 6519 - Lessors Of Real Property, Not Elsewhere Classified SIC 6517 - Lessors of Railroad Property

Establishments primarily engaged in the operation of apartment buildings. Apartment buildings are defined as containing five or more housing units. This industry does not include hotels, rooming and boarding houses, camps, and other lodging places for transients which are classified in Services, Major Group 70.

Industry trends:

The industry categorized under NAICS 6513, which includes operators of apartment buildings, has been influenced significantly by several qualitative trends. One of the main trends is the growing demand for smart home technology. Enhanced connectivity and automation within apartment units are becoming increasingly attractive to renters, leading operators to invest in smart thermostats, lighting, and security systems.

Sustainability has also emerged as a critical focus area. Tenants are showing a preference for eco-friendly buildings with energy-efficient designs and green certifications, encouraging operators to adopt sustainable practices and green building technologies.

The shift towards remote and hybrid work models has influenced the design and amenities of apartment buildings. Work-from-home capabilities such as high-speed internet, co-working spaces, and home office setups are now essential offerings in modern apartment complexes.

Moreover, there is a noticeable trend towards offering enhanced community amenities and services. These include fitness centers, communal lounges, pet-friendly policies, and other social spaces that foster a community atmosphere. These amenities not only attract new tenants but also help in retaining existing ones.

As for forecasts in the near future, it is expected that these trends will continue to evolve. Technological advancements will likely drive further integration of smart home technologies, while the push for sustainability will lead to more eco-conscious apartment developments. Additionally, as remote work remains prevalent, the demand for versatile living spaces that accommodate work-from-home lifestyles will persist.

This industry is comprised of:

Operators of apartment buildings (five or more housing units)

Operators of apartment hotels

Operators of residential hotels

Operators of retirement hotels

Explore related industries:

SIC 1531 - Operative Builders SIC 7021 - Rooming and Boarding Houses SIC 7213 - Linen Supply

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