Lessors of Real Estate

Code 5311
Parent/Child
Parent NAICS
531 - Real Estate
Popular Federal Contract Opportunities
Not listed
Popular Federal Contract Awards
Not listed

NAICS 5311 (Lessors of Real Estate) encompasses businesses primarily engaged in renting or leasing real estate property to others, including office buildings, retail spaces, warehouses, and other commercial and residential properties. These entities manage and maintain properties, collect rental income, and provide space for various organizational and commercial purposes. The category includes property owners, real estate investment trusts (REITs), and property management companies that facilitate commercial and governmental space utilization.

Federal Contract Awards under this NAICS code primarily involve long-term lease agreements for government agencies, with typical contract durations ranging from 5 to 20 years. The recent awards demonstrate substantial investments by agencies like the Department of Veterans Affairs, General Services Administration, and military branches in leasing office, medical, and administrative spaces across multiple states. Award values vary widely, with some opportunities ranging from $3.8 million to over $6.7 million annually. Many awards are structured as fully serviced leases, including utilities, maintenance, and tenant improvements, with preferences often given to properties meeting specific security, accessibility, and sustainability standards.

Recent Federal Contract Opportunities in this category focus on leasing diverse spaces for government operations, including outpatient clinics, military recruiting centers, administrative offices, and specialized facilities. Opportunities span locations such as California, Texas, Massachusetts, and Washington, with solicitations requesting spaces ranging from 780 to 175,306 square feet. Key requirements consistently include compliance with federal building standards, accessibility regulations, security specifications, and proximity to public transportation. Agencies like the VA, GSA, and Army Corps of Engineers are actively seeking properties that can accommodate specific operational needs, with emphasis on modern, well-configured spaces in strategic locations.

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