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NAICS Code· 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.

154
Active Contracts
$6.1B
Total Obligations (12mo)
589
Awarded Contracts (12mo)
526
Contractors Awarded (12mo)
+64.5%
YoY Growth

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.

Ranked by total awards
CompanyTotal AwardsContracts
LEGACY INVESTMENT AND MANAGEMENT, LLC$556.2M2
VETMEDPROPERTY LLC$420.7M4
MEDICAL OFFICE ENTERPRISES 3, LLC$353.1M1
CARNEGIE MANAGEMENT AND DEVELOPMENT CORPORATION$346.8M1
E2L FDS NASHVILLE, LLC$303.0M1
USFP II LLC$296.6M1
GUARDIAN DEVELOPMENT GROUP LLC$266.5M2
USGBF FBI CHARLOTTE, LLC$163.7M2
VET BUILD LLC$143.6M1
DUBLIN EDT JV, LLC$129.5M3

Top Agencies

Federal agencies directing the most contract spending toward NAICS 531120.

Office Of Construction & Facilities Management (36C10F)22 awards$3.2B
Pbs R00 Center For Broker Services71 awards$1.2B
Pbs Office Of Leasing42 awards$423.3M
Network Contract Office 23 (36C263)4 awards$100.7M
Pbs R7 Office Of Leasing27 awards$95.6M
Rpo West (36C24W)7 awards$93.0M
256-NETWORK Contract Office 16 (36C256)4 awards$91.2M
255-NETWORK Contract Office 15 (36C255)6 awards$86.1M
Pbs R5 Office Of Leasing5 awards$57.3M

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...
531110Same Industry GroupHigh Similarity

Lessors of Miniwarehouses and Self-Storage Units

This industry comprises establishments primarily engaged in renting or leasing space for self-storag...
531130Same Industry GroupHigh Similarity

Lessors of Other Real Estate Property

This industry comprises establishments primarily engaged in acting as lessors of real estate (except...
531190Same Industry GroupHigh Similarity

Offices of Real Estate Agents and Brokers

This industry comprises establishments primarily engaged in acting as agents and/or brokers in one o...
531210Same SubsectorMedium Similarity

Residential Property Managers

This U.S. industry comprises establishments primarily engaged in managing residential real estate fo...
531311Same SubsectorMedium Similarity

Nonresidential Property Managers

This U.S. industry comprises establishments primarily engaged in managing nonresidential real estate...
531312Same SubsectorMedium Similarity

Offices of Real Estate Appraisers

This industry comprises establishments primarily engaged in estimating the fair market value of real...
531320Same SubsectorMedium Similarity

Other Activities Related to Real Estate

This industry comprises establishments primarily engaged in performing real estate related services ...
531390Same SubsectorMedium Similarity

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NAICS 531120 FAQ

Frequently Asked Questions

NAICS code 531120 covers 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--

Recently Posted in Lessors of Nonresidential Buildings (except Miniwarehouses)

NAICS: 531120
New
Federal
Lease of Office Space within Sioux Falls, SD. Request for Lease Proposals (RLP) #26NATO1The U.S. Government, through the General Services Administration’s Office of Leasing, is soliciting competitive lease proposals for office space in Sioux Falls, South Dakota, under Request for Lease Proposal #26NAT01, with a response deadline of August 8, 2026. The required space must fall within a strictly defined geographic area bounded by I-90 to the north, Veterans Parkway to SR-11 to the east, East 57th to the south, and South Ellis Road through SR-38 to Marion Road to the west. Proposals must offer between 1,809 and 1,900 assignable building office area square feet, with a preference for contiguous space and a lease term of 15 years, of which 13 years are firm. The space must be second-generation office with minimal tenant improvements required, meaning existing non-structural partitions, finishes, and building systems are acceptable, with work limited to reconfiguration and minor MEP updates. The government will provide a tenant improvement allowance of $61.52 per assignable square foot and has specified detailed interior layout requirements including three private offices, three workstations, a 24/7 climate-controlled LAN room, a reception area, a conference room, and a training room. Building-specific amortized capital funding is set at $0.00 per square foot. The lease includes one on-site surface parking space for official government vehicles. Existing furniture may be included at no additional cost to the government, provided it is clean, in good working order, and available for use at occupancy; failure to meet this standard requires the lessor to remove the furniture at their expense. The solicitation is a combined type requiring responses through the GSA Leasing Portal, with technical acceptability not dependent on the inclusion of furniture. All proposals must align with NAICS code 531120, and inquiries should be directed to Paul Koch at the provided contact information.
Pbs Office Of Leasing

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about 15 hours ago

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in 24 days
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NAICS: 531120
New
Federal
Lease of Office Space within Woodbury, NJ. Request for Lease Proposals (RLP) #26NAT02The U.S. General Services Administration is seeking competitive lease proposals for office space in Woodbury, New Jersey, under Request for Lease Proposals (RLP) #26NAT02, with a solicitation number of 4NJ0314. The space must be between 3,506 and 3,612 usable square feet (ABOA), located within a defined geographic boundary bounded by I-295, NJ Route 130, the Delaware River, I-76, the NJ Turnpike, and Mantua Road. The lease term is ten years, with five years firm, and tenant improvements will be amortized over five years. The agency provides a tenant improvement allowance of $65.44 per square foot for evaluation purposes, but offerors should be aware that actual buildout costs may exceed this by approximately $125 per square foot, with no guarantee of additional funding. The facility must be on the first floor or equipped with a freight elevator, accommodate 55 gallons of waste daily with full waste disposal responsibility on the lessor, and provide at least four reserved parking spaces within 100 feet of the entrance on a hard-surface connection. Access must include roll-up, garage-style, or double-swinging doors to allow passage of large carts without manual door holding. Hours of operation are 6:00 a.m. to 6:00 p.m., seven days a week, and plumbing must support a 1.5 horsepower garbage disposal. Subleases are not permitted, and all offerings must comply with federal, state, and local standards for fire safety, accessibility, seismic resilience, and energy efficiency, including adherence to Section 889 of the FY19 NDAA regarding telecommunications equipment restrictions. Proposals must be submitted electronically via the GSA Leasing Portal during the monthly open period, which runs from the 1st through the 7th of each month, closing at 8:00 p.m. Eastern Time, with extensions to the next business day if the 7th falls on a weekend or federal holiday. No submissions are accepted outside this window. Awards will be made to the lowest-priced, technically acceptable offer without negotiation, with technical compliance serving as a mandatory pass/fail gate. The government will inspect and accept the finished space within 10 working days after construction is complete, following a post-award schedule that spans 379 working days from award to acceptance, including phases
Pbs Office Of Leasing

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in 24 days
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NAICS: 531120
New
Federal
OJAG Symposium Venue RentalThe OJAG Symposium Venue Rental is a sole-sourced procurement awarded to Elkhorn Catering and Conference Center in Fort Carson, Colorado, under solicitation number N0018926QW254. The requirement is for venue rental services associated with the OJAG Symposium and is not subject to any set-aside provisions. The solicitation was posted on July 14, 2026, with responses due by July 16, 2026, at 6:00 p.m. Eastern Time. The North American Industry Classification System code for this contract is 531120, which corresponds to lessors of real property. The contracting office is the Naval Supply Systems Command Fleet Logistics Center in Norfolk, Virginia, operating under the Department of Defense, with the place of performance located in Colorado Springs, Colorado, at the Elkhorn facility. For inquiries, Amber Bradley is the primary point of contact, reachable via email at amber.v.bradley.civ@us.navy.mil or by phone at 771-229-3567.
Navsup Flt Logistics Ctr Norfolk

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about 15 hours ago

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in 1 day
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NAICS: 531120
New
Federal
X1DB--Laredo OPC Notice of Intent Succeeding LeaseThe U.S. Department of Veterans Affairs, Office of Construction & Facilities Management, is issuing a Pre-Solicitation Notice of Intent to Sole Source a lease contract for the Laredo, Texas facility under NAICS code 531120, which pertains to lessors of residential buildings and dwellings. This action signals the agency’s intent to award the lease without full and open competition, likely due to unique requirements or existing arrangements that limit eligible vendors. The solicitation number is 36C10F26Q0084, and responses must be submitted by August 11, 2026, at 9:00 PM Eastern Time, following a posting date of July 14, 2026. The primary point of contact for inquiries is Clint Smith, Lease Contracting Officer, reachable via email at clint.smith@va.gov. The place of performance is specifically identified as Laredo, Texas, while the contracting office is located in Washington, D.C. No set-aside designation is indicated for this opportunity, suggesting it may be open to any qualified entity deemed suitable by the agency under sole source authority.
Office Of Construction & Facilities Management (36C10F)

POSTED

about 15 hours ago

DEADLINE

in 28 days
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NAICS: 531120
New
SLED
WANTED TO LEASE BY THE STATE OF CALIFORNIA - SACRAMENTOThe State of California, through the Department of Fish and Wildlife and managed by the Department of General Services, is seeking to lease approximately 13,902 net square feet of laboratory space in Sacramento or Yolo County, along with sufficient parking spaces compliant with state codes. All proposed properties must be free of asbestos hazards upon occupancy and fully compliant with California Building Code, Title 24, seismic safety standards, and the Americans with Disabilities Act. The location must be conveniently situated near public transportation and meet Disabled Veteran Business Enterprise requirements. Preference will be given to buildings that demonstrate LEED or Energy Star certification for energy efficiency. This solicitation is part of a broader plan to support upcoming capital construction in Sacramento, with the eventual goal of reducing leased space usage. Only property owners or legally authorized agents may respond, and submissions must include the property address, map, and project number via email or written correspondence to the specified West Sacramento address by the deadline. The project number is 17357, and responses are due no later than July 27, 2026, with Daron Whittle as the designated point of contact for all inquiries.
California Department of General Services

POSTED

1 day ago

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in 13 days
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NAICS: 531120
New
SLED
Laboratory Space Lease – Commercial Real Estate OfferingThe contract seeks a commercial property in Sacramento or Yolo County containing approximately 13,902 net usable square feet of laboratory-ready space, strictly requiring compliance with all applicable state building, accessibility, and environmental codes. The facility must be certified asbestos hazard-free and prepared for immediate use by scientific or research operations, ensuring no remediation delays or safety risks. The space must be fully operational upon lease commencement, meeting rigorous regulatory standards without exceptions. This is a subcontract opportunity posted by the California Department of General Services, with a response deadline of July 28, 2026. The North American Industry Classification System code 531120 indicates the focus is on lessors of nonresidential buildings, and the property must be available for long-term lease under commercial terms. Location is limited to either Sacramento or Yolo County, and bidders must ensure the building meets all technical and legal prerequisites without reliance on future modifications. There is no set-aside designation specified, making this open to eligible commercial real estate providers.
California Department of General Services

POSTED

1 day ago

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in 13 days
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NAICS: 531120
Closed
SLED
REQUEST FOR PROPOSALS FOR THE LEASE OF 15,948 SF OF OFFICE SPACE IN AUSTIN, TEXAS FOR THE FIFTEENTH COURT OF APPEALS (15TH COA)The Texas Facilities Commission is soliciting proposals for the lease of 15,948 square feet of office space in Austin, Texas, to accommodate the Fifteenth Court of Appeals, as authorized under Texas Government Code Chapter 2167. The solicitation, numbered 303-7-20834, requires respondents to provide a facility that includes a courtroom, offices, and specified auxiliary spaces such as a large conference room, breakroom, file room, evidence room, robing room, IT closet, and intern workstations using systems furniture, all conforming to detailed technical and security standards outlined in Attachment B. The space must be located within the city limits of Austin and meet stringent facility requirements including ADA and Texas Accessibility Standards compliance, Level III ballistic-resistant materials at the judges’ bench, panic alarm systems at critical points, electronic badge access for all doors, two secured exits from the courtroom, HVAC balancing with locking thermostats, 120-volt electrical outlets, ring and string wiring, and compliance with NFPA 1 fire code and ASHRAE indoor air quality standards. Construction management requires a pre-construction meeting, a critical path schedule approved by TFC and the court, and monthly progress meetings; all renovations must be completed 15 to 90 days prior to the commencement date, with the lessee granted free pre-occupancy access for preparation. The lease term will be either five or ten years, with the option to renew upon mutual agreement and 180 days’ written notice prior to expiration. Evaluation will be based on best value to the State of Texas under TGC Section 2167.0021, with price weighted at 50%, followed by condition of the facility at 25%, relevant experience and financial stability at 20%, and location and zoning at 5%. A pass/fail gate on litigation history is mandatory, and poor past performance may result in disqualification. The state reserves the right to conduct audits, inspect the property, and reject non-compliant space even after acceptance. The lessor is prohibited from publicizing the lease without TFC approval, and all submission materials are subject to the Texas Public Information Act. Proposals must be submitted as one original and four copies in a clearly labeled package by 3:00 p.m. Central Time on July 14, 2026, via U.S. mail, express delivery, or hand delivery to specified TFC addresses;
Texas Facilities Commission

POSTED

1 day ago

CLOSED

about 6 hours ago
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NAICS: 531120
Awarded
Federal
Award Notice-Office Space Secured:7NC2156-R1-The US Government Seeks to Lease Office and Related Space in Charlotte, NCThe U.S. Government, through the General Services Administration’s Public Buildings Service, has awarded a lease for office space in Charlotte, North Carolina, under solicitation number 7NC2156, with a contract term of up to 15 years, including a firm 10-year commitment. The procurement was conducted as a full and open competitive solicitation for a Request for Lease Proposals, requiring compliance with stringent technical, safety, and security standards. Offerors must demonstrate adherence to fire protection and life safety codes including NFPA 101, NFPA 72, and NFPA 25, with inspections conducted by licensed professionals using GSA Form 12000, which mandates separate evaluations for spaces below and above the sixth floor. Seismic compliance is governed by ASCE/SEI 41 and ICSSC RP 8, requiring certified engineering assessments through a series of forms that confirm either retrofit readiness, new construction adherence, or eligibility for an exemption based on building size and seismic zone. The space must not be co-located with law enforcement agencies, and if situated within a federal building, must be on a separate floor to satisfy physical security requirements. Contracting parties must fully comply with federal restrictions on covered telecommunications and video surveillance equipment under FAR 52.204-24 and Section 889 of the FY2019 NDAA, disclosing any use or provision of equipment from prohibited vendors such as Huawei, ZTE, Hikvision, or Dahua, along with their UEI and CAGE codes. Proposals must be submitted electronically through the Requirement Specific Acquisition Platform by the October 8, 2024 deadline, and include detailed documentation of all technical representations, engineering certifications, and cost breakdowns for utilities and services provided by the lessor. While the contract does not specify a monetary value or formal pricing structure, it includes detailed line items for annual services such as cleaning, HVAC, maintenance, and utilities, which the lessor must furnish as part of the rental consideration. The government’s contracting officer and supporting broker serve as the primary administrative contacts for execution and oversight, with final acceptance contingent upon verified compliance with all safety, seismic, and telecommunications prohibitions, without the possibility of contract extension beyond the 15-year full term.
Pbs R00 Center For Broker Services

POSTED

1 day ago

DEADLINE

N/A
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NAICS: 531120
Awarded
Federal
Franklin CBOC 1 Year Lease ExtensionThe Department of Veterans Affairs has extended a one-year lease for the Franklin Community Based Outpatient Clinic through a Simplified Lease Acquisition Transaction awarded to Pendleton Community Care, Inc. on June 30, 2026. The lease covers 1,478 rentable square feet at 91 Pine Street, Franklin, West Virginia, with a total rent amount of $45,897.00 under non-firm terms, meaning the duration is not guaranteed beyond the initial year. The transaction was conducted under GSAR 570.2 using simplified procedures, eliminating the need for formal justification due to its value being below the SLAT threshold. The contract was solicited under VA245-14-L-0007 and falls under NAICS code 531120 for lessors of nonresidential buildings, with no small business set-aside applied. The award was officially posted on July 13, 2026, and the primary point of contact for the contract is Rachael Hallock of the 245-NETWORK Contract Office 5 in Linthicum, Maryland.
245-NETWORK Contract Office 5 (36C245)

POSTED

1 day ago

DEADLINE

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NAICS: 531120
Closed
Federal
General Services Administration (GSA) Seeks to lease the following space: Solicitation No. 2TX1342The General Services Administration is seeking a fully serviced office lease for 26,076 assignable square feet in Dallas, Texas, within a delineated area bounded by Pacific Avenue to the north, South Akard Street to the east, Young Street to the south, and Lamar Street to the west. The space must be contiguous and located on no more than two floors, with stacked arrangements permitted, and must not be co-located on the same floor as the Office of the U.S. Attorney, U.S. Marshals Service, U.S. Probation Office, Pretrial Services Office, Bureau of Prisons, or any other law enforcement agency. The facility must comply with federal standards for fire safety, accessibility, seismic resilience, and sustainability, and cannot be situated in the 1-percent-annual chance floodplain. Extremely long, narrow, or irregularly shaped configurations will not be considered. The lease term is structured as a firm 15-year period with an overall potential term of 17 years and no option period, with estimated occupancy expected in December 2027. A minimum of 73 structured parking spaces is required. The solicitation is in the presolicitation phase under number 2TX1342-1, with a NAICS code of 531120, and responses are expected in the form of Expressions of Interest that include detailed building information, site and floor plans, parking identification, proof of ownership or authorization, location mapping, transportation access details, and disclosures regarding title, easements, or use restrictions. Entities must be aware of and comply with telecommunications prohibitions under Section 889 of the FY19 NDAA as implemented by the FAR. Submissions are due by June 5, 2026, and should be directed to Edward “Teddy” H. Seifert at GSA, with additional support from Samuel Dyson. Contract administration oversight will be handled by Lease Contracting Officer Don Day.
Pbs Office Of Leasing

POSTED

1 day ago

CLOSED

about 1 month ago
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NAICS: 531120
Closed
Federal
Request for Lease Proposal-San Jose Warehouse Space 2CA1650The General Services Administration’s Public Buildings Service is seeking a warehouse space in San Jose, California, under solicitation number 2CA1650, with a minimum area of 2,500 square feet and a maximum of 3,500 square feet, measured as Appraised Building Office Area. The facility must be located within a defined geographic boundary bounded by Montague Expressway–Highway 101 to the north, Highway 82 to the south, De La Cruz Boulevard to the east, and Lawrence Expressway to the west. The space must include at least one ground-level roll-up door measuring no smaller than 10 feet high by 12 feet wide, one dedicated pedestrian access door, and a foundation capable of supporting a minimum load of 75 pounds per square foot to accommodate heavy equipment and vehicles. Parking is limited to one surface space adjacent to the facility, with no structured or reserved parking available. The lease term is structured as a firm commitment of eight years with a total potential duration of ten years, and no option term is offered. The lease must be fully serviced, encompassing all utilities, maintenance, and operational services. The property must comply with federal standards for fire safety, accessibility, seismic resilience, and sustainability, and must not be located within the 1-percent-annual chance floodplain. Additional security requirements prohibit the space from being situated near foreign government agencies or foreign-owned businesses and mandate location within a low-threat area of the city; all proposed spaces are subject to internal government security review prior to acceptance. Compliance with Section 889 of the FY19 National Defense Authorization Act is mandatory, prohibiting the use of certain telecommunications and video surveillance equipment from specified foreign sources. Offers are due by July 28, 2026, and occupied space is estimated to be available between October and November 2026. Prospective respondents must be registered in SAM.gov and submit proposals via email to Joel Wilson, Lease Contracting Officer, at joel.wilson@gsa.gov. No set-aside designation is in effect, and while the procurement appears to follow a Lowest Price Technically Acceptable evaluation approach, no formal weighting or scoring criteria are listed.
Pbs Office Of Leasing

POSTED

1 day ago

CLOSED

about 2 months ago
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NAICS: 531120
New
Federal
US GOVERMENT SPACE REQUIRED IN HANFORD, CAThe U.S. Government is seeking a full-service lease for approximately 2600 to 2800 rentable square feet of retail office space in Hanford, CA, to house a U.S. Armed Forces Career Center. The lease term must not exceed five years and must include the government’s right to terminate the lease early. The space must be located within a specific boundary defined by Kings County Drive to the north and east, Mall Drive to the south, and 12th Avenue to the west. The facility must provide dedicated, 24/7 on-site parking for up to ten government vehicles. The government is evaluating whether relocating is economically advantageous and will factor in costs such as moving expenses, replicating tenant improvements, telecommunications setup, and potential operational downtime. Interested parties must be building owners or their exclusive representatives, and submissions must include an exclusivity agreement, a representation letter, and a confirmed listing contract or other legally binding documentation proving exclusive representation rights. Responses are due no later than 3:00 PM PDT on July 29, 2026, and must be submitted electronically to Gia L. Jessiman of the U.S. Army Corps of Engineers, Sacramento District. This solicitation is designated as an 8(a) Sole Source opportunity under NAICS code 531120, with the contracting office located in Sacramento, CA.
W075 Endist Sacramento

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