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NAICS Code· 531110

NAICS 531110: Lessors of Residential Buildings and Dwellings

This industry comprises establishments primarily engaged in acting as lessors of buildings used as residences or dwellings, such as single-family homes, apartment buildings, and town homes. Included in this industry are owner-lessors and establishments renting real estate and then acting as lessors in subleasing it to others. The establishments in this industry may manage the property themselves or have another establishment manage it for them. Cross-References. Establishments primarily engaged in--Show more

NAICS 531110 – Lessors of Residential Buildings and Dwellings encompasses the leasing of residential properties, including apartments, single-family homes, and other dwellings, primarily to support federal workforce housing needs. This sector plays a critical role in the government’s broader housing and personnel support infrastructure, particularly for military personnel, civilian employees stationed overseas or in remote locations, and temporary assignments requiring long-term lodging solutions.

10
Active Contracts
$104.5M
Total Obligations (12mo)
61
Awarded Contracts (12mo)
34
Contractors Awarded (12mo)
2
Median Bidders per Award
+32.4%
YoY Growth

Industry Spending Overview

Federal obligations, top contractors and agencies, and related industry codes for NAICS 531110.

AI Industry Description

NAICS 531110 – Lessors of Residential Buildings and Dwellings encompasses the leasing of residential properties, including apartments, single-family homes, and other dwellings, primarily to support federal workforce housing needs. This sector plays a critical role in the government’s broader housing...

NAICS 531110 – Lessors of Residential Buildings and Dwellings encompasses the leasing of residential properties, including apartments, single-family homes, and other dwellings, primarily to support federal workforce housing needs. This sector plays a critical role in the government’s broader housing and personnel support infrastructure, particularly for military personnel, civilian employees stationed overseas or in remote locations, and temporary assignments requiring long-term lodging solutions. Unlike transient hotel contracts, this NAICS covers long-term lease agreements for furnished or unfurnished residential units, often involving property management, maintenance coordination, and compliance with federal housing standards. These arrangements are essential for ensuring stable, secure, and cost-effective housing for personnel in high-demand or geographically isolated duty stations. The leading contractor in this space is Nika Corporate Housing LLC, a specialized provider of corporate and government housing solutions with deep expertise in managing large-scale residential leasing portfolios for federal clients. The competitive landscape is dominated by niche firms with established property management capabilities, rather than broad-based construction or real estate giants, reflecting the need for operational precision and regulatory compliance in federal housing programs. The Department of Defense is the primary acquiring agency, leveraging this NAICS to fulfill permanent change of station (PCS) housing requirements, temporary duty (TDY) accommodations, and overseas billeting needs. Demand is driven by force mobility, deployment cycles, and the need to provide compliant, quality housing that meets Uniformed Services Housing Standards. The market is characterized by low contractor density but high operational complexity, offering opportunities for property managers, real estate investment firms, and housing specialists with proven experience in federal compliance, lease administration, and military housing regulations. Contracting trends favor long-term, performance-based leases with integrated maintenance and inspection protocols, creating a stable but selective procurement environment.

Top Contractors

Companies with the highest total award value under NAICS 531110, ranked by dollars won.

Top Agencies

Federal agencies directing the most contract spending toward NAICS 531110.

Competition

How many companies historically bid on federal awards in NAICS 531110, from bidder counts reported on USAspending.

Fewer Bidders

Median under 3 bidders per reported award. · 8,021 reported awards

Median Bidders

2

Per reported award, all-time

Single-Bid Awards

48%

Share of reported awards with one bidder

10+ Bidder Awards

5%

Share of reported awards with 10+ bidders

Reported Awards

0

91% of 8,844 total awards

How this code compares up the NAICS hierarchy. Parent cohorts pool every code under their prefix, so they are the steadier baseline when a 6-digit sample is thin.

Industry FamilyCompetitionMedian BiddersSingle-BidBidder MixReported Awards
531110This Code
Lessors of Residential Buildings and Dwellings
Fewer Bidders248%
8,02191% of 8,844
53111NAICS Industry
Fewer Bidders248%
8,02191% of 8,844
5311Industry Group
Lessors of Real Estate
Fewer Bidders222%
571,87588% of 648,615
531Subsector
Fewer Bidders228%
690,03287% of 788,668
53Sector
Real Estate and Rental and Leasing
Fewer Bidders232%
919,89688% of 1,044,005

Bidder counts reported on past federal awards in this NAICS (USAspending). An open opportunity has no bidders yet, so this is the historical norm for similar work, not a fact about this solicitation. Not all awards report bidder counts, and fewer bidders often means incumbent-held work rather than an easier win. Federal reporting of bidder counts fell from ~96% of awards (FY2016) to ~30% (FY2018 onward); the chart shows shares of reported awards, and washed-out stretches mark years with fewer than 30 of them.

Related NAICS Codes

Industries similar to Lessors of Residential Buildings and Dwellings, by shared sector, subsector, and industry group.

Explore contracts across multiple NAICS codes Browse all NAICS Codes

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NAICS 531110 FAQ

Frequently Asked Questions

NAICS code 531110 covers Lessors of Residential Buildings and Dwellings. This industry comprises establishments primarily engaged in acting as lessors of buildings used as residences or dwellings, such as single-family homes, apartment buildings, and town homes. Included in this industry are owner-lessors and establishments renting real estate and then acting as lessors in subleasing it to others. The establishments in this industry may manage the property themselves or have another establishment manage it for them. Cross-References. Establishments primarily engaged in--

Recently Posted in Lessors of Residential Buildings and Dwellings

NAICS: 531110
Closed
SLED
UHRE Master Lease/Affiliation agreements for 2027-2028
Solicitation # ID# 1207731
The University of Louisville is seeking proposals for a master lease or affiliation agreement to secure approximately 300 to 900 student housing units for the 2027-2028 academic year, with the lease term running from August 1, 2027, to July 31, 2028. The housing must be located within walking distance of the Belknap campus and primarily serve a college student population to support student engagement and campus life. The initial lease is for twelve months, with an option to extend for up to four additional one-year terms, though the university retains the right to discontinue the arrangement at the end of each year without obligation. Proposers may submit bids under either a master lease or affiliation agreement model, and both options may be pursued simultaneously as they are not mutually exclusive. The solicitation opens on July 22, 2026, with a virtual pre-bid meeting scheduled for August 3, 2026, and written questions due by August 7, 2026. Proposals must be submitted through the Workday platform by August 25, 2026, and shortlisted responders will be notified the week of August 31, 2026, with presentations and contract negotiation letters following in early September. The desired contract effective date is the week of August 1, 2027, and all inquiries should be directed to jamie.peck@louisville.edu.
University of Louisville

POSTED

about 1 month ago

CLOSED

3 days ago
View Details

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