Request for Information on Comprehensive Commercial Real Estate Management Software Solutions

The City of Norfolk is issuing an RFI to gather market input on a comprehensive commercial real‑estate data, analytics, and technology software platform that can deliver daily market insights to city staff and licensed users. The desired solution must aggregate income‑and‑expense data, provide market metrics (cap rates, vacancy rates), generate sector‑specific reports, track property‑specific status (mortgage, foreclosure, etc.), and support reporting to the SEC. Vendors are asked to describe data collection capabilities, update frequency, user access methods, reporting options, communication processes, and any forecasting tools. Responses are due electronically by September 29, 2026; a question deadline is September 25, 2026. The City may follow up with a formal solicitation later. • Provide daily commercial real‑estate market data and analytics • Include income/expense data for valuation, cap‑rate and vacancy metrics • Offer sector‑specific market reports (office, hotel, retail, industrial) • Track status of individual Norfolk properties (mortgage, watchlist, foreclosure) • Enable secure web‑based access for licensed users and SEC reporting • Describe data collection frequency, update mechanisms, and forecasting features.