Georgia Real Estate Tenders

The Georgia real estate market is thriving, with median home prices reaching $365,600 in September 2023. This represents a 3.7% increase year-over-year and a massive 57.94% jump in the past five years. High demand, limited supply, and steadily rising prices are driving this growth.

The Georgia government actively procures real estate products and services for various purposes. This includes acquiring office space, land for development, and even historical properties for preservation.

Here are some of the main real estate products and services procured by the Georgia government:
Office space: This is a major category, with leases signed for both new and existing buildings.
Land for development: Government agencies often acquire land for public projects like parks, schools, and housing initiatives.
Historical properties: The government plays a crucial role in preserving Georgia's rich history by acquiring and maintaining historical structures.
Real estate services: This includes property management, appraisal, and consulting services.

Several key authorities oversee real estate procurement in Georgia:
Georgia Department of Administrative Services (DOAS): Manages the state's real estate portfolio and handles procurement for various agencies.
Georgia Public Building Authority (GPBA): Responsible for constructing and managing state-owned buildings.
Local governments: Counties, cities, and other local governments also have their own procurement processes for real estate needs.

Some of the top companies winning Georgia real estate procurement contracts include:
CBRE
JLL
Colliers International
Cushman & Wakefield
Jones Lang LaSalle

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