53112 - Lessors of Nonresidential Buildings (except Miniwarehouses)
When navigating the complex world of government contracting and market research, understanding specific NAICS codes is crucial. One such important classification is NAICS code 53112, which relates to businesses involved in leasing nonresidential buildings. Whether you're an investor, business owner, or contractor, knowing about this code will help you identify key players and opportunities in the commercial real estate sector.
What is NAICS Code 53112?
NAICS code 53112 is titled "Lessors of Nonresidential Buildings (except Miniwarehouses)". This classification encompasses establishments primarily engaged in renting or leasing nonresidential buildings, such as office buildings, industrial facilities, and retail spaces. Unlike miniwarehouses, these properties are generally larger-scale commercial buildings used for various business purposes.
In addition to leasing properties, companies under this code often provide related services including property maintenance and management, ensuring tenant needs are met and buildings are well-kept.
Sector and Typical Business Activities
This industry falls under the Real Estate and Rental and Leasing sector, which includes a broad range of activities related to renting, leasing, selling, and managing real estate and equipment.
Typical Business Activities under NAICS 53112:
- Office Building Leasing: Renting out office spaces to businesses.
- Industrial Building Leasing: Leasing factories, warehouses, and manufacturing facilities.
- Retail Space Leasing: Providing spaces for shops, boutiques, and retail outlets.
- Property Maintenance & Management: Performing upkeep and managing tenant relations.
Size Standards for NAICS Code 53112
For small business eligibility in federal contracting, size standards are based on either revenue or number of employees.
- Size Standard: To qualify as a small business under NAICS 53112, a company’s average annual receipts must not exceed $38.5 million.
This cap is essential for companies seeking government contracts as it determines eligibility for small business programs.
Examples of Businesses Included in NAICS 53112
- Commercial real estate companies specializing in office park leasing
- Industrial warehouse leasing firms managing distribution centers
- Retail space lessors handling shopping center rentals
- Property management organizations offering tenant services to commercial tenants
NAICS Code 53112 Details Table
| Category | Details |
|---|---|
| NAICS Code | 53112 |
| Industry Title | Lessors of Nonresidential Buildings (except Miniwarehouses) |
| Sector | Real Estate and Rental and Leasing |
| Primary Activities | Leasing office, industrial, and retail buildings; property management |
| Excluded Activities | Miniwarehouses (storage unit leasing) |
| Size Standard | $38.5 Million average annual receipts |
| Common Business Types | Office building lessors, industrial lessors, retail space lessors |
FAQs About NAICS Code 53112
What types of properties are excluded from NAICS 53112?
Miniwarehouses or self-storage unit facilities are excluded. Those fall under different NAICS codes such as 53113 - Lessors of Miniwarehouses and Self-Storage Units.
Can businesses offer property management services under NAICS 53112?
Yes, related services such as maintenance and management of nonresidential properties are typically provided by establishments under this code.
How is NAICS 53112 different from other leasing codes?
This code specifically targets nonresidential buildings excluding miniwarehouses. Other codes cover residential leasing, equipment leasing, or miniwarehouses separately.
Why is knowing the size standard important?
Understanding the size standard helps businesses determine eligibility for small business government contracts and set-aside programs.
Conclusion
NAICS code 53112 plays a pivotal role in categorizing businesses that lease various types of nonresidential buildings. Whether you're an investor, contractor, or business owner, recognizing the scope of Lessors of Nonresidential Buildings (except Miniwarehouses) can help you navigate commercial real estate opportunities and federal contracting programs more effectively. Keep this guide handy for clear insights into sector activities, eligibility requirements, and more.
Keywords: NAICS code 53112, Lessors of Nonresidential Buildings, commercial real estate leasing, office building leasing, industrial leasing, retail space leasing, real estate sector, small business size standard
