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  5. ›REQUEST FOR LEASE PROPOSALS FOR OFFICE SPACE IN CHARLESTON…

Department of Administration·South Carolina

REQUEST FOR LEASE PROPOSALS FOR OFFICE SPACE IN CHARLESTON COUNTY FOR THE SOUTH CAROLINA DEPARTMENT OF INSURANCE

Closes 11/20/2026$200k – $400kRequest for Proposal
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Description

The State of South Carolina, via the Department of Administration’s Real Property Services, is seeking gross‑lease proposals for approximately 1,550 rentable sq ft of office space in Charleston County for the Department of Insurance. The lease must be a full‑service (gross) arrangement that includes all operating expenses, meet ADA compliance, provide CAT‑6 cabling, and include at least four reserved parking spaces. Proposals should include rates for 1‑, 3‑, and 5‑year terms, and the space must be ready for occupancy by September 1 2027. • Total space ~1,550 sq ft with detailed room breakdown (private offices, reception, conference, workroom, etc.) • Required technical features: ADA‑compliant, CAT‑6 wiring, fiber‑optic readiness, 24/7 building access, HVAC, and parking. • Gross lease only – rent must cover utilities, maintenance, taxes, insurance, and all other operating costs.

Attached files

Contact

rps@admin.sc.gov

(803) 737-8731

Key dates

Opened
10/20/2026
Closes
11/20/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531120
Solicitation №
R200-112026

Budget estimate

$200,000 – $400,000

The contract’s “payment” is the rent received from the State. Assuming market gross‑lease rates for Charleston office space of $30‑$45 per rentable square foot per year, annual rent would range roughly $46,500‑$69,750 for 1,550 sq ft. Over a 5‑year lease the total revenue could be about $232,500‑$348,750. Therefore a realistic earnings estimate for the landlord (or its managing agent) is in the low‑hundreds‑of‑thousands to mid‑hundreds‑of‑thousands of dollars range.

AI estimate from the solicitation

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