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
102,666 awards
Active obligations
$644.6M
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
$97.2M
Awards
442
Average award
$219.8K
Change from FY2024
-7.8%

Recent awards

Search contractors

$262,200

SUNLIFE CORPORATE HOUSING LLC

Farm Production and Conservation Business Center

PIID
12FPC426P0021
PSC
X1AA - LEASE/RENTAL OF OFFICE BUILDINGS

$20,000

615 CHESTNUT MASTER LEASE LP

Federal Emergency Management Agency

PIID
70FBR326P00000012
PSC
S201 - HOUSEKEEPING- CUSTODIAL JANITORIAL

$22,187

LORTON GSA LLC

Drug Enforcement Administration

PIID
15DDHQ26P00000698
PSC
X1FZ - LEASE/RENTAL OF OTHER RESIDENTIAL BUILDINGS

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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Now that you know about NAICS 531120 - Lessors of Nonresidential Buildings (except Miniwarehouses), let Sweetspot help you find and win relevant government contracts with AI-powered tools.

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