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.
- SBA small-business size limit
- $34.0M
Is your company small for 531120?
The SBA limit is $34 million average annual receipts.
What 531120 covers
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- Acting as lessors of buildings used as residences or dwellings: Industry 531110, Lessors of Residential Buildings and Dwellings
- Renting or leasing space for self-storage: Industry 531130, Lessors of Miniwarehouses and Self-Storage Units
- Managing nonresidential real estate for others: Industry 531312, Nonresidential Property Managers
- Providing a range of office support services, such as mailbox rental, other postal and mailing (except direct mail advertising) services, document copying services, facsimile services, word processing services or on-site personal computer rental, that are not providing office space: Industry 56143, Business Service Centers
- Managing and operating arenas, stadiums, theaters, or other related facilities and promoting and organizing performing arts productions, sports events, and similar events at those facilities: Industry 711310, Promoters of Performing Arts, Sports, and Similar Events with Facilities
- Operating public and contract warehousing and storage facilities (except self-storage): Industry Group 4931, Warehousing and Storage
- Providing colocation services (i.e., rental of server and networking space in data centers): Industry 518210, Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
Activities listed under 531120
- Amusement facility rental or leasing
- Arena, no promotion of events, rental or leasing
- Auditorium rental or leasing
- Bank building rental or leasing
- Banquet hall rental or leasing
- Building, nonresidential (except miniwarehouse), rental or leasing
- Commercial building rental or leasing
- Concert hall, no promotion of events, rental or leasing
- Conference center, no promotion of events, rental or leasing
- Convention center, no promotion of events, rental or leasing
- Coworking space rental or leasing
- Dance hall rental or leasing
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- Dock and associated building rental or leasing
- Equity real estate investment trusts (REITs), primarily leasing nonresidential buildings (except miniwarehouses)
- Executive suites (i.e., full service office space provision)
- Exhibition hall, no promotion of events, rental or leasing
- Flea market space, under roof, rental or leasing
- Full service office space provision
- Hall and banquet room, nonresidential, rental or leasing
- Hall, nonresidential, rental or leasing
- Hotel building rental or leasing, not operating hotel
- Industrial building rental or leasing
- Insurance building rental or leasing
- Lessors of nonresidential buildings (except miniwarehouses)
- Mall property operation (i.e., not operating contained businesses) rental or leasing
- Manufacturing building rental or leasing
- Medical building rental or leasing
- Meeting hall and room rental or leasing
- Mobile office building rental or leasing, on-site
- Motel building rental or leasing, not operating motel
- Nonresidential building (except miniwarehouse) rental or leasing
- Office building rental or leasing
- Piers and associated building rental or leasing
- Professional office building rental or leasing
- Real estate rental or leasing of nonresidential building (except miniwarehouse)
- Reception hall rental or leasing
- Shared workspace provision
- Shopping center (i.e., not operating contained businesses) rental or leasing
- Stadium rental or leasing without promotion of events
- Theater property rental or leasing, not operating theater
Questions
What is NAICS code 531120?
NAICS 531120 is “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.
What businesses use NAICS code 531120?
Examples from the U.S. Census Bureau: Amusement facility rental or leasing; Arena, no promotion of events, rental or leasing; Auditorium rental or leasing; Bank building rental or leasing; Banquet hall rental or leasing; and Building, nonresidential (except miniwarehouse), rental or leasing.
What is not included in NAICS 531120?
Businesses mainly acting as lessors of buildings used as residences or dwellings are classified in Industry 531110, Lessors of Residential Buildings and Dwellings; renting or leasing space for self-storage are classified in Industry 531130, Lessors of Miniwarehouses and Self-Storage Units; and managing nonresidential real estate for others are classified in U.S. Industry 531312, Nonresidential Property Managers.
What is the SBA size standard for NAICS 531120?
$34 million average annual receipts (average of the last five fiscal years), including affiliates. Source: 13 CFR 121.201, effective March 17, 2023.
What is the SIC code for NAICS 531120?
SIC codes 6512 (Operators of Nonresidential Buildings, part) and 6798 (Real Estate Investment Trusts, part), from the U.S. Census Bureau concordances (1987 SIC → 2002 NAICS, carried to 2022 NAICS).
What is the IRS business code for NAICS 531120?
531100 (Lessors of real estate (including miniwarehouses & self-storage units)) on Schedule C, line B, from the IRS list of principal business codes. The IRS code covers NAICS 531110–531190.
How do I find government contracts for NAICS 531120?
Federal agencies put a NAICS code on each solicitation in SAM.gov, and some states and cities use NAICS codes too. Add 531120 to your SAM.gov registration and to your bid alerts; PublicBeam emails new bids for the codes you choose every morning.
Source: U.S. Census Bureau, 2022 NAICS (public domain). PublicBeam is independent and not affiliated with the Census Bureau or any agency. Always check the NAICS code in the official notice before you bid.