NAICS 531120: Lessors of Nonresidential Buildings (except Miniwarehouses)
This industry comprises establishments primarily engaged in acting as lessors of buildings (except miniwarehouses and self-storage units) that are not used as residences or dwellings. Included in this industry are: (1) owner-lessors of nonresidential buildings; (2) establishments renting real estate and then acting as lessors in subleasing it to others; and (3) establishments providing full service office space, whether on a lease or service contract basis. 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 531120 – Lessors of Nonresidential Buildings (except Miniwarehouses) encompasses the leasing of commercial, industrial, and institutional real estate properties to federal agencies for operational use. This includes office spaces, research facilities, data centers, warehouses, and other non-residential structures that support mission-critical activities.
Industry Spending Overview
Federal obligations, top contractors and agencies, and related industry codes for NAICS 531120.
AI Industry Description
NAICS 531120 – Lessors of Nonresidential Buildings (except Miniwarehouses) encompasses the leasing of commercial, industrial, and institutional real estate properties to federal agencies for operational use. This includes office spaces, research facilities, data centers, warehouses, and other non-re...
NAICS 531120 – Lessors of Nonresidential Buildings (except Miniwarehouses) encompasses the leasing of commercial, industrial, and institutional real estate properties to federal agencies for operational use. This includes office spaces, research facilities, data centers, warehouses, and other non-residential structures that support mission-critical activities. Unlike property management or construction services, this NAICS focuses exclusively on the rental of existing, owned buildings, where contractors act as property owners or intermediaries providing leased space under long-term agreements. In the federal contracting landscape, this sector enables agencies to acquire flexible, turnkey facility solutions without capital investment, often supporting logistics, administrative, and technical operations in remote or specialized locations. Top contractors in this space include ROCKWELL AMERICAN SERVICES, LTD., STORM SERVICES, LLC, PERFECTED SOLUTIONS LLC, AVENUE CONTRACT SOLUTIONS, LLC, and INFINITY TECHNOLOGY SERVICES LLC. These firms range from small businesses with niche property portfolios to mid-sized primes with diversified real estate holdings, often leveraging GSA schedules or direct lease agreements to secure federal tenancy. The competitive landscape is characterized by asset-heavy operators with strong local market presence and expertise in federal compliance, environmental standards, and facility maintenance requirements. The Department of Agriculture, Department of the Interior, and Department of Defense are the primary procuring agencies, seeking leased facilities to support field operations, ranger stations, research outposts, logistics hubs, and auxiliary command centers. Demand is driven by mission expansion, infrastructure modernization, and the need for geographically dispersed, secure, and sustainably maintained workspaces. The market offers consistent opportunity density for property owners and real estate investors with compliant, federal-ready buildings, particularly in rural, coastal, or defense-corridor regions. Procurement trends favor long-term leases with performance-based maintenance clauses, creating a stable revenue stream for contractors who can demonstrate regulatory adherence and operational reliability.
Top Contractors
Companies with the highest total award value under NAICS 531120, ranked by dollars won.
| Company | Total Awards | Contracts |
|---|---|---|
| LEGACY INVESTMENT AND MANAGEMENT, LLC | $556.2M | 2 |
| VETMEDPROPERTY LLC | $429.6M | 4 |
| MEDICAL OFFICE ENTERPRISES 3, LLC | $353.1M | 1 |
| CARNEGIE MANAGEMENT AND DEVELOPMENT CORPORATION | $346.8M | 1 |
| GUARDIAN DEVELOPMENT GROUP LLC | $339.5M | 3 |
| E2L FDS NASHVILLE, LLC | $303.0M | 1 |
| USFP II LLC | $296.6M | 1 |
| ZRB E2L HEALTHCARE SOLUTIONS LLC | $260.1M | 1 |
| ZRB E2L Healthcare Solutions LLC | $260.1M | 1 |
| ALLURE REALTY LLC | $257.9M | 1 |
Top Agencies
Federal agencies directing the most contract spending toward NAICS 531120.
Competition
How many companies historically bid on federal awards in NAICS 531120, from bidder counts reported on USAspending.
Median under 3 bidders per reported award. · 552,922 reported awards
Median Bidders
2
Per reported award, all-time
Single-Bid Awards
20%
Share of reported awards with one bidder
10+ Bidder Awards
0%
Share of reported awards with 10+ bidders
Reported Awards
88% of 627,974 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 Family | Competition | Median Bidders | Single-Bid | Bidder Mix | Reported Awards |
|---|---|---|---|---|---|
531120This Code Lessors of Nonresidential Buildings (except Miniwarehouses) | Fewer Bidders | 2 | 20% | 552,92288% of 627,974 | |
53112NAICS Industry | Fewer Bidders | 2 | 20% | 552,92288% of 627,974 | |
5311Industry Group Lessors of Real Estate | Fewer Bidders | 2 | 22% | 571,87588% of 648,615 | |
531Subsector | Fewer Bidders | 2 | 28% | 690,03287% of 788,668 | |
53Sector Real Estate and Rental and Leasing | Fewer Bidders | 2 | 32% | 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 Nonresidential Buildings (except Miniwarehouses), by shared sector, subsector, and industry group.
Lessors of Residential Buildings and Dwellings
This industry comprises establishments primarily engaged in acting as lessors of buildings used as r...Lessors of Miniwarehouses and Self-Storage Units
This industry comprises establishments primarily engaged in renting or leasing space for self-storag...Lessors of Other Real Estate Property
This industry comprises establishments primarily engaged in acting as lessors of real estate (except...Offices of Real Estate Agents and Brokers
This industry comprises establishments primarily engaged in acting as agents and/or brokers in one o...Residential Property Managers
This U.S. industry comprises establishments primarily engaged in managing residential real estate fo...Nonresidential Property Managers
This U.S. industry comprises establishments primarily engaged in managing nonresidential real estate...Offices of Real Estate Appraisers
This industry comprises establishments primarily engaged in estimating the fair market value of real...Other Activities Related to Real Estate
This industry comprises establishments primarily engaged in performing real estate related services ...Explore contracts across multiple NAICS codes Browse all NAICS Codes
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