Real Estate Economic Analysis

Bid/RFP Status:

Open - accepting bids and proposals

Bid/RFP Due Date:

Monday, October 20, 2025 - 5:00pm

The City of Foster City (the “City”) is requesting proposals from qualified consultants to conduct an independent professional real estate economic market analysis. This analysis will assess market trends and cycles, demographic trends, supply and demand dynamics, and economic indicators to evaluate future needs. It will provide a strong baseline of data to inform actionable strategies that guide sustainable growth and economic development.

Schedule:

October 6, 2025: Deadline to submit questions by 5:00 PM to smangalam@fostercity.org.

(The City has released responses to all submitted questions to the RFP - A Real Estate Economic Analysis. Please view or download the document.)

October 20, 2025: Proposal due by 5:00 PM to smangalam@fostercity.org

Award of contract: November 17, 2025*

*Note that this schedule is preliminary. The schedule may be adjusted, as needed, by the City. The deadline for submitting proposals may be extended if the City does not receive adequate responses from qualified firms. Accordingly, the date for awarding the contract will change.