Federal NAICS Codes

NAICS 531120: Lessors of Nonresidential Buildings (except Miniwarehouses)

Explore obligations, trends, recent awards, and incumbent contractors for NAICS 531120.

NAICS 531120 federal market metrics

Total obligations
$12.9B
Total awards
102,712 awards
Active obligations
$614.5M
Size standard
$34,000,000 receipts

What this NAICS covers

NAICS 531120 covers ownership and leasing of nonresidential buildings, including office, industrial, retail, and institutional properties, with activities such as space leasing, lease administration, owner-coordinated building maintenance, tenant improvement coordination, and landlord service obligations.

Federal opportunities under 531120 typically involve procuring leased space and landlord-provided occupancy support to provide ready-to-occupy nonresidential facilities, manage lease terms and billing, coordinate building maintenance and repairs, and meet agency occupancy and site requirements.

FY2025 snapshot

Obligations
$100.1M
Awards
444
Average award
$225.4K
Change from FY2024
-5.1%

Recent awards

Search contractors

$256,937

JAAGO FOUNDATION

Department of State

PIID
19BG3026P1215
PSC
X1AB - LEASE/RENTAL OF CONFERENCE SPACE AND FACILITIES

$23,753

SPRINGCAR COMPANY, LLC

Federal Bureau of Investigation

PIID
15F06726P0000724
PSC
Z2AA - REPAIR OR ALTERATION OF OFFICE BUILDINGS

$24,000

HUBBS-SEA WORLD RESEARCH INSTITUTE

National Oceanic and Atmospheric Administration

PIID
1333MF26P0093
PSC
X1AB - LEASE/RENTAL OF CONFERENCE SPACE AND FACILITIES

$93,040

5600 FISHERS LANE LLC

Office of the Assistant Secretary for Financial Resources (Asfr)

PIID
7571MN26P00052
PSC
J041 - MAINT/REPAIR/REBUILD OF EQUIPMENT- REFRIGERATION, AIR CONDITIONING, AND AIR CIRCULATING EQUIPMENT

$0

GTP TOWERS I LLC

Drug Enforcement Administration

PIID
15DDHQ26P00000852
PSC
X1PZ - LEASE/RENTAL OF OTHER NON-BUILDING FACILITIES

FAQ

What work fits NAICS 531120?
  • Long-term lease agreements for office space with landlord responsibilities for common area maintenance and lease administration.
  • Lease agreement for specialized tenant spaces such as laboratories or technical facilities with defined fit-out coordination and utility provisioning obligations.
  • Turnkey lease arrangement that includes tenant improvement allowances, build-to-suit coordination, occupancy dates, and landlord delivery obligations.
  • Owner-lessor administration of multi-tenant commercial buildings including rent schedules, lease renewals, common area terms, and landlord service obligations.
When is NAICS 531120 a weak fit?
  • Real estate brokerage and leasing agents: missing ownership or lessor role and ongoing landlord obligations tied to building ownership.
  • Facilities maintenance or custodial contracts: missing the landlord-tenant lease relationship and revenue generation from leasing space.
  • Short-term rental or miniwarehouse operations: missing long-term commercial lease terms, tenant fit-out obligations, and commercial building asset management.
What solicitation language points to NAICS 531120?
  • Solicitation requests lease terms, square footage or rentable area, floor plans, and landlord responsibilities for common area maintenance and utilities.
  • Evaluation criteria include demonstrated ownership or lessor control of suitable buildings, delivery of tenant improvements, and lease administration experience.
  • Contract form is a long-term lease or real estate lease agreement specifying rent schedule, tenant improvement allowances, and landlord obligations.

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