US Real Estate Tenders

Market Size: Estimated at $113.6 trillion in 2023, expected to reach $142.9 trillion by 2028. (Statista)
Growth: Projected CAGR of 4.70% between 2023 and 2028. (Statista)
Median Price: $391,800 in October 2023. (NAR)
Sales: 3.79 million units sold in October 2023. (NAR)
Trends: Increasing interest rates, slowing sales, rising inventory.

United States Real Estate Government Procurement
Expenditure: $250 billion annually on real estate-related goods and services. (U.S. Chamber of Commerce)
Focus: Leasing, construction, maintenance, and related services.
Procurement Process: Competitive bidding, RFPs, and other methods.
Regulations: FAR, DFAR, and agency-specific policies.

Main Real Estate Products and Services Procured by United States Government
Leasing: Office space, warehouses, industrial facilities, residential housing.
Construction: New buildings, renovations, repairs, infrastructure projects.
Maintenance: Landscaping, janitorial services, security, repairs.
Real estate brokerage: Property acquisition, disposition, and management.
Appraisal services: Valuation of real estate assets.

Top Authorities for United States Real Estate Procurement
General Services Administration (GSA): Manages real estate for federal agencies.
Department of Defense (DoD): Largest real estate owner in the world.
Department of Veterans Affairs (VA): Manages healthcare facilities and housing for veterans.
Department of Housing and Urban Development (HUD): Provides affordable housing programs.

Top Winners of United States Real Estate Procurement
Cushman & Wakefield: Global real estate services firm.
JLL: Global real estate services firm.
CBRE: Global real estate services firm.
Colliers International: Global real estate services firm.
Jones Lang LaSalle: Global real estate services firm.

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