UNSPSC 95101504: Condominium parcel

A defined piece of land used to house a condominium building

UNSPSC 95101504 Condominium parcel is a Commodity code that describes state and local government purchases of ownership interests in condominium properties. State and local issuing bodies use this code to solicit the acquisition, lease, or transfer of individual condominium units or fractional interests for use as office space, residential facilities, or operational bases. The buying parties span state real-estate agencies, county property-management departments, city housing authorities, school districts acquiring facilities for administrative or program use, and special-purpose districts managing residential or mixed-use portfolios.

The most recent state and local contract opportunities block contains no records under this code. Without posted solicitations, the geographic spread and current market activity for condominium-parcel acquisitions cannot be characterized from recent state and local procurement activity.