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  5. ›Commercial Brokerage Firm for Property Management Services

City of Franklin·Tennessee

Commercial Brokerage Firm for Property Management Services

Closes 1/2/2026$200k – $800kRequest for Qualification
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Description

The City of Franklin, Tennessee is seeking a qualified commercial brokerage firm to provide comprehensive property management services for its municipal portfolio. The solicitation is issued as a Request for Qualifications (RFQ) and will be opened on February 1 2026 at 2:00 PM. Interested firms must demonstrate experience in managing commercial real‑estate assets, financial reporting, tenant relations, and regulatory compliance. The city will evaluate qualifications and later issue a contract to the selected firm. • Scope includes day‑to‑day property operations, lease administration, maintenance coordination, and financial oversight for city‑owned commercial properties. • Vendors must provide proof of prior municipal or large‑scale commercial property management experience, including staffing plans and technology platforms. • The award will be based on demonstrated capability, past performance, and cost‑effectiveness, with the contract likely spanning multiple years.

Attached files

Contact

[email protected]

(615) 550-6692

Key dates

Opened
12/4/2025
Pre-bid meeting
1/2/2026
Closes
1/2/2026
Projected award
4/10/2026

Last updated

Details

Type
Request for Qualification
Industry
Consulting Services
NAICS
531312
Solicitation №
Solicitation 2026-012

Budget estimate

$200,000 – $800,000

Based on comparable municipal property‑management contracts, annual fees for a portfolio of several dozen commercial properties typically range from $200,000 to $800,000, depending on the size of the asset base, service levels required, and performance‑based incentives. The contract could be multi‑year, so total contract value may fall between $600,000 and $3,200,000 over a three‑year term.

AI estimate from the solicitation

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