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Department of General Services·Virginia

Real Estate Lease- Richmond

Closes 10/20/2026$3M – $5MRequest for Proposal
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Description

The Virginia Department of General Services is seeking proposals for the lease of approximately 26,500 usable square feet of office space located in Richmond, VA. This solicitation calls for a qualified entity to assume responsibility for leasing, managing, and maintaining the office premises on behalf of the state, ensuring compliance with all applicable regulations and delivering a functional workspace for government operations. • Lease size: ~26,500 usf office space in Richmond, VA • Scope includes lease negotiation, property management, and ongoing facilities services • Submission deadline: 20 Oct 2026; the agency expects a full‑service lease partner with proven experience in government real‑estate contracts.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

John Simmons

[email protected]

(804) 396-0642

Key dates

Opened
9/23/2026
Closes
10/20/2026

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531120
Solicitation №
RFP-128880

Budget estimate

$3,000,000 – $5,000,000

Based on typical market rates for office space in Richmond (~$30–$40 per square foot per year), a 26,500 sf lease would generate roughly $795,000–$1,060,000 annually. Assuming a standard 5‑year term, the total contract value would be in the $4 million to $5 million range. This estimate accounts for lease payments, basic facilities management, and potential escalations.

AI estimate from the solicitation

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