NAICS 53112 - Lessors of Nonresidential Buildings (except Miniwarehouses)
This industry comprises establishments primarily engaged in acting as lessors of buildings (except miniwarehouses and self-storage units) that are not used as residences or dwellings. Included in this industry are: (1) owner-lessors of nonresidential buildings; (2) establishments renting real estate and then acting as lessors in subleasing it to others; and (3) establishments providing full service office space, whether on a lease or service contract basis. The establishments in this industry may manage the property themselves or have another establishment manage it for them.
Industry trends:
As of recent observations, the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry, classified under NAICS 53112, has been evolving with several notable qualitative trends. One key trend involves the shift towards flexible leasing arrangements, driven by the increasing demand for adaptable workspaces, particularly from startups and small to medium-sized enterprises (SMEs). This flexibility includes shorter lease terms and customizable space configurations to meet tenants' changing needs.
Another significant trend is the growing emphasis on sustainability and green buildings. Tenants are increasingly seeking energy-efficient buildings that contribute to cost savings and align with corporate social responsibility goals. This has prompted lessors to invest in eco-friendly infrastructure, including energy management systems and green certifications.
Technology integration is also transforming the industry. Smart building technologies, such as IoT (Internet of Things) sensors and advanced security systems, are becoming standard offerings. These technologies enable better management of building operations and enhance tenant experiences.
In terms of market dynamics, there is a noticeable increase in demand for mixed-use developments that combine office spaces with retail, residential, and entertainment options. This trend caters to the evolving lifestyle preferences of tenants who value convenience and a work-life balance.
Looking ahead, these trends are expected to continue shaping the industry. Economic factors, such as interest rates and commercial real estate demand, will influence leasing activities. However, the push for flexible, sustainable, and technologically advanced spaces is anticipated to remain strong, driving innovation and competitive differentiation among lessors.
This industry is comprised of:
Arena, no promotion of events, rental or leasing
Auditorium rental or leasing
Bank building rental or leasing
Banquet hall rental or leasing
Building, nonresidential (except miniwarehouse), rental or leasing
Commercial building rental or leasing
Concert hall, no promotion of events, rental or leasing
Conference center, no promotion of events, rental or leasing
Convention center, no promotion of events, rental or leasing
Dance hall rental or leasing
Dock and associated building rental or leasing
Equity real estate investment trusts (REITs), primarily leasing nonresidential buildings (except miniwarehouses)
Executive suites (i.e., full service office space provision)
Exhibition hall, no promotion of events, rental or leasing
Flea market space, under roof, rental or leasing
Full service office space provision
Hall and banquet room, nonresidential, rental or leasing
Hall, nonresidential, rental or leasing
Hotel building rental or leasing, not operating hotel
Industrial building rental or leasing
Insurance building rental or leasing
Lessors of nonresidential buildings (except miniwarehouses)
Mall property operation (i.e., not operating contained businesses) rental or leasing
Manufacturing building rental or leasing
Medical building rental or leasing
Meeting hall and room rental or leasing
Motel building, not operating motel, rental or leasing
Nonresidential building (except miniwarehouse) rental or leasing
Office building rental or leasing
Piers and associated building rental or leasing
Professional office building rental or leasing
Real estate rental or leasing of nonresidential building (except miniwarehouse)
Reception hall rental or leasing
Shopping center (i.e., not operating contained businesses) rental or leasing
Stadium rental or leasing without promotion of events
Theater, property operation, rental or leasing
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.