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  5. ›PR2549-549-26 Leasing Management 555 E. Main Street, Norfol, Virgin…

Norfolk Redevelopment Housing Authority·Virginia

PR2549-549-26 Leasing Management 555 E. Main Street, Norfol, Virginia 23510

Closes 8/14/2026$200k – $500kRequest for Proposal
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Description

Norfolk Redevelopment and Housing Authority seeks a qualified vendor to provide comprehensive leasing management services for its 555 E. Main Street property in Norfolk, VA. This includes managing a 17‑story garage and office building as well as an adjacent drive‑up teller structure, handling lease negotiations, tenant relations, rent collection, and overall property oversight. • Scope covers full lease administration for a mixed‑use commercial/parking facility. • Vendor must have experience with non‑residential property management and leasing. • Services are required immediately after contract award and will continue for the term of the agreement (duration not specified).

Attached files

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

Contact

Roxanne Potts

Key dates

Opened
7/17/2026
Closes
8/14/2026

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531312
Solicitation №
RFP-124597

Budget estimate

$200,000 – $500,000

The contract is for ongoing leasing management of a sizable commercial property (17‑story building plus garage). Based on typical market rates for similar non‑residential property management services—often ranging from 0.5% to 1.5% of annual gross lease revenues—a reasonable annual fee could be between $200,000 and $500,000, depending on lease volume and service scope. The estimate assumes a mid‑size commercial portfolio with moderate tenant turnover.

AI estimate from the solicitation

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