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Washington Enterprise Services (DES), Dept. of·Washington

Request for Proposals - Thurston County

Closes 5/18/2026$5M – $15MRequest for ProposalLogin required
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Description

The State of Washington, through the Office of the Insurance Commissioner, is seeking proposals to lease approximately 59,366 BOMA rentable square feet of office space in Thurston County (preferably downtown Olympia, Lacey, or Tumwater). The lease must commence on 1 April 2028 for a minimum five‑year term (up to ten years) and include a range of performance and sustainability requirements, such as EV charging, backup power, high‑speed data, energy‑use intensity ≤ 50, and compliance with Washington building and ADA codes. The agency requires proof of control of the property, prevailing‑wage compliance, and a completed Lease Proposal Form with detailed cost breakdowns.

Attached files

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

Contact

Kevin McMicheal(RFP Coordinator)

[email protected]

(360) 407-7914

Key dates

Opened
3/30/2026
Questions due
4/20/2026
Pre-bid meeting
4/6/2026
Site visit
6/1/2026
Closes
5/18/2026
Projected award
7/10/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531110
Solicitation №
26-03-087

Budget estimate

$5,000,000 – $15,000,000

No contract value is disclosed. Based on market office‑space rates in the Olympia/Tumwater area (approximately $30‑$35 per rentable square foot per year), the 59,366 sf could generate $1.8‑$2.1 M annually. Over a five‑year term that yields $9‑$10.5 M in total rent revenue, plus potential additional income from parking, EV charging, and incentives. Accounting for negotiation leeway, a realistic earnings range for the landlord would be roughly $5 M – $15 M over the lease life.

AI estimate from the solicitation

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