Commercial Real Estate Market Research Subscriptions

The New York District, U.S. Army Corps of Engineers intends to award a sole source purchase order to CoStar, Incorporated, for subscriptions to verify information on commercial property available for lease in the States of
New York and New Jersey.

This is not a formal solicitation or request for proposal. This notice of intent is to give notice of the Government's intent to make a sole source award under the authority cited in Federal Acquisition Regulation 6.302-1- Only One Responsible Source and No Other Supplies or Services Will Satisfy Agency Requirements.

This requirement is for two (2) licenses for one (1) base year and 2 subsequent option years for access to a commercial real estate market research system to verify information on commercial property available for lease in the States of New York and New Jersey.

The market research system must provide a comprehensive program that can be used to analyze market conditions by calculating current vacancy rates, absorption rates, average rental rates and forecasting future trends based on user-selected variables which is information needed to complete each appraisal in a timely manner. The database must be able to compress real estate decisions from weeks to minutes and must be able to search via a radius, market, or set boundaries to focus on a particular area. Must have access to fully researched and continuously updated commercial properties of all classes and types to include information such as property location, floor plans and amenities, extensive demographic data, traffic count data, mapping and a reporting function.

All responsible sources may submit a response, which, if timely received, will be considered by the agency. THIS NOTICE OF INTENT IS NOT A REQUEST FOR COMPETITIVE PROPOSALS. It is a market research tool being used to determine the availability of other qualified sources that can meet the requirements identified above. The Government is not obligated to and will not pay for any information received from potential sources as a result of this notice of intent.

All responses received prior to 2:00 PM on Friday, February 2, 2018, will be considered by the Government.
Any potential source would have to detail in their response that they would be able to provide a comprehensive market research subscription database for the States of New York and New Jersey. A determination by the Government not to compete this proposed contract based upon responses to this notice is solely within the
discretion of the Government. Information received will normally be considered solely for the purpose of determining whether to conduct a competitive procurement.