Leasing and Acquisitions


City's Leased Portfolio

Real Estate Services is responsible for the City's leased portfolio, which consists of over 22 million square feet of privately owned space. Services provided for leased space include negotiation of lease terms, execution of legal documents, coordination of construction, renovation and relocation efforts, and auditing of operating expenses.


Leasing

Leasing is responsible for identifying and leasing private space for City agency operations on behalf of the City. Leasing’s objective is to negotiate timely, cost-effective leases that satisfy the client agency’s requirements, while conforming to the City’s requirements, policies and procedures. This work is accomplished by in-house staff or by the tenant representative brokers with whom DCAS has contracted. The City has a portfolio of approximately 450 leases for City agencies in privately owned properties totaling over 22 million square feet. Staff are responsible for all aspects of administering these agreements including renewals, the intake and review of new requests, and ensuring compliance with lease terms.


The leasing process begins when a City agency lease is three years from expiration and/or an agency has submitted a new space request within the City’s request platform. From that point the leasing team assigns a lease negotiator who will begin the leasing process through lease signing.


If you represent a City agency, and would like to commence a new leasing request, please click on the following link that will bring you to the City Share portal and complete a New Space Request Form.

Acquisitions

Acquisitions negotiates and purchases properties from private owners on behalf of other City Agencies, for City operations and uses. If your agency has a need to acquire property, please click on the following link that will bring you to the City Share portal and complete a New Space Request Form.