Real estate policies study
Section 1085 of the enacted 2013-15 capital budget (ESSB 5035) calls for the Office of Financial Management (OFM) to review and recommend best practices of real estate policies related to lease or construction of commercial office space and warehouse facilities. The review was expected to include lease renewals, requests for proposals, cancellation clauses and backfill policy of private sector real estate and other related issues.
OFM has conducted a survey of other states, gathered stakeholder feedback through surveys and forums, and done additional research on each of the subject areas. Interim reports publishing survey responses are available below.
As a result of this work, OFM has prepared the following report.
If you have any questions about the the real estate policies study, please contact Amy McMahan, OFM Senior Facilities Oversight Manager, (360) 902-9824.