531130 - Lessors of Miniwarehouses and Self-Storage Units
The self-storage industry has become an essential component of modern life, providing secure and convenient storage solutions to individuals and businesses alike. If you’re exploring opportunities or simply curious about this sector, understanding NAICS Code 531130 is crucial. This code specifically addresses businesses focused on renting and leasing miniwarehouses and self-storage units, a niche with growing demand across the United States.
What is NAICS Code 531130?
NAICS Code 531130 covers establishments primarily engaged in renting or leasing miniwarehouses and self-storage units. These businesses provide space for customers to store personal belongings, commercial inventory, or other valuables. Unlike traditional warehousing, these units are typically rented directly to consumers or small businesses, offering flexible rental terms and varying unit sizes.
Sector Overview: Real Estate and Rental and Leasing
NAICS 531130 falls under the broad Real Estate and Rental and Leasing sector. This sector includes businesses involved in renting, leasing, or otherwise providing real estate assets and tangible goods for use by others. Companies under this NAICS code focus on:
- Leasing miniwarehouses and self-storage units
- Managing self-storage facilities
- Providing secure rental spaces such as U-lock storage
Typical Business Activities Under NAICS 531130
Businesses classified under this NAICS code engage in a variety of activities, including but not limited to:
- Operating self-storage facilities
- Leasing miniwarehouses
- Renting storage units for personal or commercial use
- Providing warehousing solutions with U-lock security options
- Managing equity real estate investment trusts (REITs) specialized in self-storage properties
Size Standard for NAICS 531130 Eligibility
Small business size standards are essential for government contracting and business classification. For NAICS Code 531130, the size standard is:
- $34 million dollars in average annual receipts.
This means businesses with annual revenues up to $34 million typically qualify as small entities within this classification.
Examples of Businesses in NAICS Code 531130
Here are some typical examples of businesses that fall within this NAICS classification:
- Self-storage facility operators like public storage businesses renting monthly units.
- Miniwarehouse lessors providing sealed units for household or business storage.
- Storage unit rental companies offering spaces for document storage or seasonal inventory.
Detailed Breakdown of NAICS 531130 Code Components
| Code Element | Description |
|---|---|
| NAICS Code | 531130 |
| Title | Lessors of Miniwarehouses and Self-Storage Units |
| Industry Description | Rental or leasing of miniwarehouses and self-storage units |
| Sector | Real Estate and Rental and Leasing |
| Activities Include | - Equity REITs leasing miniwarehouses |
| - Miniwarehouse rental or leasing | |
| - Self-storage unit rental or leasing | |
| - U-lock storage | |
| - Warehousing, self-storage | |
| Size Standard | $34 million in average annual receipts |
| Typical Business Types | - Self-storage facility operators |
| - Miniwarehouse lessors | |
| - Storage unit rental businesses |
Frequently Asked Questions (FAQ)
What is the primary function of businesses under NAICS 531130?
Businesses classified under 531130 principally rent or lease miniwarehouses and self-storage units to individuals and commercial customers for storage purposes.
Is NAICS 531130 limited to only physical miniwarehouses?
Yes, this NAICS code covers physical properties such as miniwarehouses, self-storage units, and similar rental spaces but does not include virtual or digital storage services.
What is the size standard for small businesses in this category?
The SBA sets the size standard for NAICS 531130 at $34 million in average annual receipts.
How can I use this NAICS code for government contracting?
This code helps businesses identify eligibility when pursuing government contracts related to real estate leasing or storage unit rental, ensuring you target the right solicitations.
Are equity real estate investment trusts (REITs) included in this classification?
Yes, equity REITs primarily engaging in leasing miniwarehouses and self-storage units are included under NAICS 531130.
Conclusion
NAICS Code 531130 is pivotal for companies in the self-storage and miniwarehouse rental niche. Whether you run a small storage facility or manage an equity REIT focused on self-storage, understanding this classification helps position your business for growth, compliance, and government contracting opportunities. With a growing demand for flexible storage solutions, businesses under this NAICS code are well-positioned for success in the evolving real estate rental landscape.
Keywords: NAICS 531130, miniwarehouses, self-storage units, storage unit rental, miniwarehouse lessors, self-storage facilities, SBA size standards, real estate leasing, small business eligibility
