Lease Office Space - Waterloo

The Iowa Department of Administrative Services is seeking proposals to lease an office facility ranging from 15,000 to 17,000 Rentable Square Feet located in Waterloo, Iowa. The facility will house approximately fifty (50) staff. The successful Proposer will be required to provide space planning, floor planning, and construction or renovation services, with the costs of these services to be included in the base rent. The Agency plans to amortize the cost of tenant improvements over the life of the lease and requires the leased office space to be connected to the Iowa Communications Network (ICN). Proposals are due on September 13, 2023 by 4:00 PM Central Time. The Agency intends to award a Contract with an initial term starting on the possession date, which is targeted for December 31, 2023, with the option to extend for up to the number of annual extensions identified in the RFP.

The RFP specifies preferences for Iowa-based businesses and Iowa products, as well as for certified Targeted Small Businesses. The State reserves the right to charge an administrative fee of 1% on all sales made against the resulting contract. The Cost Proposal Matrix outlines the various cost components, including base rent, tenant improvements, and operating expenses such as insurance, taxes, utilities, maintenance, and janitorial services. The Proposer is required to indicate whether the operating expense items are actual or estimated, and whether they are firm for the term of the lease or require annual adjustment. The Proposer is also asked to provide any offers and incentives available to the Agency.