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  5. ›Commercial Real Estate Leasing Agent & Property Management…

Town of Westerly·Rhode Island

Commercial Real Estate Leasing Agent & Property Management Services Rebid

Closes 5/12/2026$200k – $500kInvitation for Bid
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Description

The Municipality of Westerly is rebidding its commercial real‑estate leasing and property‑management services. The contract will cover leasing activities, tenant relations, rent collection, lease administration, and ongoing facilities management for municipal properties. The municipality seeks a qualified firm or individual to act as its leasing agent and to provide comprehensive property‑management functions on an ongoing basis. • Perform marketing, showings, and lease negotiations for commercial spaces owned by the town. • Collect rents, enforce lease terms, handle tenant inquiries, and process lease renewals. • Oversee maintenance, repairs, and vendor coordination to keep properties in good condition. • Prepare regular financial and occupancy reports for municipal officials. • Ensure compliance with local regulations and best‑practice property‑management standards.

Attached files

Contact

Eileen Cardillo

(401) 348-2599

Key dates

Opened
5/12/2026
Closes
5/12/2026

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531312
Solicitation №
26-55

Budget estimate

$200,000 – $500,000

No budget is disclosed. Typical municipal property‑management contracts for a portfolio of several commercial buildings range from $150,000 to $600,000 annually, depending on the number of properties, square footage, and scope of services (leasing vs. full‑service management). Assuming a mid‑size town with a modest portfolio, a reasonable estimate would be roughly $200k‑$500k per year.

AI estimate from the solicitation

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