UNSPSC 95101504: Condominium parcel

A defined piece of land used to house a condominium building

UNSPSC 95101504 Condominium parcel is a Commodity code capturing the acquisition of condominium units and fractional ownership interests by state and local governments. The code applies to the purchase, lease, or licensing of individual condominium parcels — residential or commercial — when a public entity takes an ownership stake or occupancy right in a multi-unit condominium project rather than acquiring fee-simple real property outright. This differs from the broader real-estate acquisition category in that it reflects shared ownership structures and common-area governance typical of condominium regimes.

The source provides no recent state and local contract opportunities posted under this code. The absence of solicitation activity suggests that condominium acquisition remains a marginal procurement activity among state agencies, counties, municipalities, school districts, and transit authorities — most public entities prefer fee-simple ownership or long-term leases of dedicated facilities rather than fractional condominium interests that entail shared decision-making and homeowner-association obligations. Monitor this code for activity in markets where public bodies acquire office space, employee housing, or operational facilities within existing condominium complexes, but expect low posting volume relative to broader real-estate family codes.