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  5. ›REQUEST FOR LEASE PROPOSALS FOR STUDENT HOUSING SPACE IN CHARLESTON…

Department of Administration·South Carolina

REQUEST FOR LEASE PROPOSALS FOR STUDENT HOUSING SPACE IN CHARLESTON COUNTY FOR THE SOUTH CAROLINA COLLGEG OF CHARLESTON

Closes 8/17/2026$1M – $5MRequest for Proposal
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Description

The State of South Carolina, through its Department of Administration, is seeking a qualified landlord to provide fully‑furnished, utility‑inclusive student housing in Charleston County for the College of Charleston. The lease must accommodate at least 200 beds, meet ADA and fire‑life safety standards, include 24/7 utilities, wireless internet, HVAC, and comprehensive maintenance and security services. Lease terms may be 1, 3, 5, or 7 years, all ending on May 15 of the final year, with optional extensions and the ability for the College to adjust bed counts with 90‑day notice. The landlord bears all operating costs and must submit required statutory acknowledgments and proposal forms by the deadline. • Minimum 200 beds, single‑gender rooms, ≤ 2 occupants per bedroom, one bathroom per four beds. • Fully‑furnished units with residential‑hall‑quality furniture, in‑unit kitchen appliances, and common‑area amenities. • Landlord responsible for utilities, internet, HVAC, maintenance, security, ADA compliance, and all associated costs. • Lease start anticipated August 1 2027; lease terms of 1, 3, 5, or 7 years, ending May 15.

Attached files

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

Contact

[email protected]

(803) 737-8731

Key dates

Opened
7/27/2026
Closes
8/17/2026
Duration
7 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531120
Solicitation №
H150-081726

Budget estimate

$1,000,000 – $5,000,000

No contract value is disclosed, but with a minimum of 200 beds and an assumed average student‑housing rent of $600‑$800 per month, annual gross revenue could range from $1.44 M to $1.92 M. Over a typical 5‑year lease the gross amount would be $7.2 M‑$9.6 M. After accounting for the landlord‑borne costs (utilities, furnishings, maintenance, staffing, insurance, etc.) and a reasonable profit margin of 15‑30 %, the net earnings for the landlord could fall roughly between $1 M and $5 M over the lease term.

AI estimate from the solicitation

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