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NAICS 531120: Lessors of Nonresidential Buildings (except Miniwarehouses)

Lessors of Nonresidential Buildings (except Miniwarehouses) is NAICS code 531120. A business is small under it with $34 million or less in average annual receipts. 92 federal contracts are open on SAM.gov under this code right now.

SBA size standard
$34 million or less in average annual receipts
Open contracts now
92
Federal spending, FY2026
$66.2 million
Share won by small businesses
54%
Small businesses registered
1,499
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Open federal contracts for lessors of nonresidential buildings (except miniwarehouses)

See all 92 open contracts under NAICS 531120 →

What NAICS 531120 covers

The Census Bureau's NAICS index lists these kinds of work 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
  • Dock and associated building rental or leasing
  • Equity real estate investment trusts (REITs), primarily leasing nonresidential buildings (except miniwarehouses)

The index lists 39 entries for this code in all.

Read the full definition, including what's excluded, on census.gov.

SBA size standard for 531120

To count as a small business for a contract assigned NAICS 531120, your business must have $34 million or less in average annual receipts. Receipts are averaged over your last five completed fiscal years.

Some contracts under this code use a different limit:

  • Leasing of Building Space to the Federal Government by Owners: $47 million or less in average annual receipts

SBA note: NAICS codes 531110, 531120, 531130, and 531190 – Leasing of building space to the Federal Government by Owners: For Government procurement, a size standard of $47.0 million in gross receipts applies to the owners of building space leased to the Federal Government. The standard does not apply to an agent.

From SBA's table of size standards, effective Mar 17, 2023. Confirm it with SBA's size standards tool before you certify your size.

Who buys lessors of nonresidential buildings (except miniwarehouses)

Agencies that awarded the most under NAICS 531120 over the last three fiscal years, per USAspending.gov:

AgencyObligated
Department of the Navy$67.7 million
Smithsonian Institution$58.6 million
Department of the Air Force$39.5 million
Forest Service$38.2 million
Department of the Army$29.6 million
National Institutes of Health$19.8 million
Millennium Challenge Corporation$9.8 million
U.S. Customs and Border Protection$8.8 million

Open notices right now come from General Services Administration (51), Department of Veterans Affairs (14), Department of Agriculture (13), Dept of Defense (7), Department of Commerce (3) and Department of Homeland Security (2).

Set-asides on open 531120 contracts

  • No set-aside (full and open): 89
  • Total small business set-aside: 2
  • Service-disabled veteran-owned set-aside: 1

Not sure which set-asides you qualify for? Try the free SBA certification screener, or read set-aside contracts, explained.

Your competition

1,499 businesses with active SAM.gov registrations are rated small under NAICS 531120, most of them in Texas (167), Florida (140), California (119), Georgia (111) and Virginia (78). Look any of them up with the free CAGE code and UEI lookup.

Federal spending under 531120 by year

Fiscal yearContract obligations
FY2024$137.3 million
FY2025$123.4 million
FY2026$66.2 million
FY2027 (so far)$15,000

Source: USAspending.gov, all contract awards with this NAICS code. Fiscal years start October 1.

Related NAICS codes

Frequently asked questions

What is NAICS code 531120?

531120 is the 2022 NAICS code for Lessors of Nonresidential Buildings (except Miniwarehouses). The Census Bureau's index lists work such as amusement facility rental or leasing, arena, no promotion of events, rental or leasing, auditorium rental or leasing under it. Federal contracting uses the 2022 codes.

What is the SBA size standard for NAICS 531120?

$34 million or less in average annual receipts. A business at or under that is small for contracts assigned this code. Some kinds of contracts under this code use a different limit. The current SBA table took effect Mar 17, 2023.

Are there government contracts for lessors of nonresidential buildings (except miniwarehouses)?

Yes. 92 federal contract opportunities under NAICS 531120 are open on SAM.gov right now. Agencies obligated about $66.2 million under this code in fiscal year 2026, according to USAspending.gov.

How do I add NAICS code 531120 to my SAM.gov registration?

Update your entity registration on SAM.gov and add the code on the Goods and Services page, in the Assertions section. You can list several NAICS codes and mark one as your primary. Changes are free.

Keep going

FedReady is an independent company, not affiliated with SBA, SAM.gov, the Census Bureau or any government agency. Open-contract counts come from SAM.gov and update daily; spending figures come from USAspending.gov.