NAICS 53119 - Lessors of Other Real Estate Property
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| NAICS Code | Industry Title |
|---|---|
| 531190 | Lessors of Other Real Estate Property |
What is NAICS 53119
NAICS code 53119 covers businesses primarily engaged in leasing real estate properties other than residential buildings, offices, or retail spaces. This includes the leasing of industrial, commercial, agricultural, and special-purpose real estate properties such as warehouses, manufacturing facilities, farms, and recreational sites. Companies operating in this sector provide essential property leasing services to a wide range of clients, including government agencies requiring specialized real estate solutions that support operational needs beyond traditional office or residential spaces. Government agencies contract with lessors under this NAICS code to access versatile and specialized properties necessary for fulfilling their missions efficiently and effectively. These properties can accommodate unique infrastructure requirements, such as secure storage, manufacturing capabilities, or agricultural projects, which are vital to diverse government functions. The leasing of such properties helps government agencies avoid the high capital costs associated with property ownership, offering flexibility and scalability for their evolving operational needs.
Breakdown for NAICS 53119
- Covers leasing of non-residential, non-office, and non-retail real estate properties.
- Includes industrial, agricultural, warehouse, and special-purpose properties.
- Applicable to businesses of various sizes, with small business size standards defined by revenue.
- Supports government agencies requiring specialized facilities for operational missions.
- Leases may be short-term or multi-year, with varying contract values.
- Often involves adherence to federal property and security regulations.
Included Activities for NAICS 53119
- Leasing warehouses and distribution centers for government storage needs.
- Providing agricultural land and facilities for research and production.
- Leasing industrial spaces for manufacturing and maintenance operations.
- Managing lease agreements and compliance with federal requirements.
- Maintaining leased properties to meet safety and operational standards.
- Coordinating property modifications to fit government agency specifications.
- Negotiating multi-year lease contracts with government entities.
- Facilitating lease renewals or extensions based on agency needs.
Business Types for NAICS 53119
- Commercial real estate lessors specializing in industrial properties.
- Agricultural land leasing companies.
- Property management firms focusing on government leases.
- Real estate investment trusts (REITs) owning specialized properties.
- Small businesses providing niche or specialty property leases.
- Facilities leasing agents and brokers serving government clients.
Government Buyers for NAICS 53119
Government agencies that typically purchase services under NAICS 53119 include the Department of Defense, Department of Agriculture, General Services Administration, and various state and local government entities. These agencies require access to specialized real estate for purposes such as military logistics, agricultural research, manufacturing support, and public works projects. For example, the Department of Defense leases industrial and warehouse spaces to store and maintain equipment, while the Department of Agriculture leases farmland and research facilities for experimental and production purposes. The GSA often acts as a facilitator, managing leases to optimize government property portfolios and ensure agencies have access to appropriate real estate assets to support their missions. Contracting for these leasing services allows government entities to maintain operational readiness without the long-term commitment and maintenance burdens associated with property ownership.
Contract Types & Procurement for NAICS 53119
Contracts under NAICS 53119 commonly include firm-fixed-price leases, indefinite delivery indefinite quantity (IDIQ) contracts, and multi-year lease agreements. Procurement methods often involve competitive bidding through requests for proposals (RFPs), simplified acquisitions for smaller leases, and negotiated contracts for specialized properties. Contract values vary widely depending on property size, location, and lease duration, ranging from tens of thousands to several million dollars annually. Agencies may also enter into lease-to-own arrangements or options for lease renewals to accommodate evolving operational requirements. Additionally, contract awards often include stipulations for property maintenance, security, and compliance with federal regulations, ensuring that leased properties meet the stringent standards necessary for government use.
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