NAICS 531120 size standard: Lessors of Nonresidential Buildings (except Miniwarehouses)

A business whose primary industry is NAICS 531120 (Lessors of Nonresidential Buildings (except Miniwarehouses)) is small for SBA and federal contracting purposes if its average annual receipts, including affiliates, are no more than $34.0 million.

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Footnote 9. 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 million in gross receipts applies to the owners of building space leased to the Federal Government. The standard does not apply to an agent.

Before you rely on this

• Affiliates count. SBA adds the receipts or employees of your affiliates (companies that control you, that you control, or that share common ownership or management) to yours. See 13 CFR 121.103.
• Receipts are a 5-year average. Average annual receipts are generally your total receipts over your last 5 completed fiscal years divided by 5 (13 CFR 121.104).
• Employees are a 24-month average. Employee-based standards use your average number of employees per pay period over the preceding 24 completed calendar months, counting part-time and temporary staff (13 CFR 121.106).
• The contract decides the code. For a federal contract, the contracting officer assigns one NAICS code in the solicitation, and that code’s size standard is the one that counts.
• Check officially. Use the official SBA Size Standards Tool and keep your SAM.gov registration current.

Not legal or professional advice. This is a free estimate from AwardWatchdog based on SBA’s published table. AwardWatchdog is not affiliated with SBA or the U.S. government. Only SBA can make a formal size determination.