NAICS 53112 - Lessors of Nonresidential Buildings (except Miniwarehouses)
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Related NAICS Codes for NAICS 53112
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| NAICS Code | Industry Title |
|---|---|
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) |
What is NAICS 53112
NAICS code 53112 covers businesses primarily engaged in leasing nonresidential buildings, excluding miniwarehouses. This sector includes owners and lessors of office buildings, industrial buildings, retail shopping centers, and other commercial properties. Companies operating under this code provide rental spaces to businesses, government agencies, and other organizations seeking office or commercial space. The services often encompass property management and maintenance as part of the leasing arrangement. Government agencies contract for these services to secure suitable facilities for administrative offices, operational centers, and other nonresidential uses essential to mission fulfillment. Leasing nonresidential buildings allows agencies to maintain flexibility in location and size without committing to long-term ownership or capital investments.
Breakdown for NAICS 53112
- Includes leasing of office, industrial, retail, and other commercial nonresidential buildings.
- Excludes miniwarehouses and self-storage facilities, which fall under a different NAICS code.
- Typically involves long-term lease agreements with businesses and government entities.
- Includes property management and maintenance as part of leasing services.
- Government agencies lease space for administrative, operational, and programmatic needs.
- Size standards generally consider annual revenue thresholds for small business classification.
Included Activities for NAICS 53112
- Leasing office buildings for commercial and government tenants.
- Leasing industrial and manufacturing facilities.
- Leasing retail shopping centers and storefronts.
- Negotiating lease terms and managing lease agreements.
- Providing property management and maintenance services for leased buildings.
- Coordinating tenant improvements and building modifications.
- Conducting market analysis for lease sourcing and space planning.
- Ensuring compliance with government facility requirements and standards.
Business Types for NAICS 53112
- Commercial real estate leasing companies.
- Property management firms specializing in commercial buildings.
- Real estate investment trusts (REITs) owning nonresidential properties.
- Small business lessors of office and retail space.
- Facility management contractors serving government clients.
- Corporate real estate divisions leasing space for government contracts.
Government Buyers for NAICS 53112
Typical government buyers for NAICS 53112 include federal agencies such as the General Services Administration (GSA), Department of Defense (DoD), and Department of Homeland Security (DHS), as well as state and local government entities. These agencies require leased office spaces to support their workforce, program offices, and regional operations. Leasing arrangements provide government entities the ability to quickly respond to changing space requirements, budget constraints, and operational demands. Additionally, government contractors and grantees often lease nonresidential spaces funded through government programs, further driving demand in this sector.
Contract Types & Procurement for NAICS 53112
Contracts under NAICS 53112 typically involve lease agreements, which may be structured as firm-fixed-price or cost-reimbursement contracts depending on the agency’s procurement policies. Procurements are commonly conducted through competitive bidding, GSA schedule contracts, or negotiated leases. Contract durations vary widely from short-term leases of a few months to long-term leases spanning several years. Contract values depend on property size, location, and lease term but often range from tens of thousands to millions of dollars annually. Agencies may also engage property management firms under service contracts to maintain leased buildings.
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