City of Los Banos #Market Rental Rate Study

Market Rental Rate Study for City-Owned Facilities – Intent to Award to BAE Urban Economics, Inc.

This opportunity involves the City of Los Banos, California's procurement of a Market Rental Rate Study for City-owned facilities: - Government Buyer: - City of Los Banos, California (local government) - OEMs and Vendors Mentioned: - Valbridge Property Advisors - BAE Urban Economics, Inc. (intent to award recipient) - Products/Services Requested: - Market Rental Rate Study (professional service) - Scope includes valuation metrics for rental rates of City-owned facilities, including green space areas, calculated on a per-square-foot basis - No part numbers or specific product quantities, as this is a service procurement - Unique or Notable Requirements: - Proposals required acknowledgment of addenda and disclosure of any requested changes to the City's standard professional services agreement - Strict submission requirements (original and duplicate copies in sealed packages) - City reserved rights to reject proposals and negotiate contract terms, including indemnification language - Award Information: - Notice of Intent to Award issued to BAE Urban Economics, Inc.

Description

The City of Los Banos is issuing a Request for Proposal (RFP) for a Market Rental Rate Study of City-owned facilities available for public and private rental. The study aims to establish valuation metrics for rental rates, including green space areas, on a per-square-foot basis. Proposals must be submitted by 4:00 p.m. on April 1, 2026, and must include an original signed copy and two duplicates, submitted in sealed packages. The City reserves the right to reject any or all proposals and will award the contract to the firm deemed most beneficial to the City.

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