City of Los Banos #Request for Proposal: Market Rental Rate Study

Market Rental Rate Study for City-Owned Facilities – City of Los Banos

The City of Los Banos, California is seeking a qualified consultant to conduct a Market Rental Rate Study for its city-owned facilities. - Government Buyer: - City of Los Banos, Finance Department (Minerva Moreno, Finance Director) - OEMs and Vendors: - No specific OEMs or vendors are named; open to qualified consulting firms - Products/Services Requested: - Market Rental Rate Study (1 project) - Includes property inventory review, market research and comparable analysis, rental rate determination, policy and financial considerations - Deliverables: draft and final reports, executive summary, presentations, and data appendix - Unique or Notable Requirements: - Consultant must provide defensible, market-supported rental rates for city-owned properties - Strict submission protocols: proposals must be submitted in hard copy (original plus two copies), signed by an authorized representative - Compliance with all RFP instructions is mandatory to avoid disqualification - Insurance and indemnification requirements apply - The City reserves the right to reject any or all proposals - Period of Performance: - Project duration is approximately six to nine months after contract award - Place of Performance: - City of Los Banos, 520 J Street, Los Banos, CA 93635

Description

The City of Los Banos is soliciting proposals for a Market Rental Rate Study of City-owned facilities available for public and private rental. The study aims to review property inventory, conduct market research and comparable analysis, determine rental rates, and consider policy and financial factors. Proposals must be submitted by April 1, 2026, and the City reserves the right to reject any or all proposals. The contract will be awarded to the firm deemed most beneficial to the City.

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