The title of a new report by the US General Services Administration (GSA), issued on January 30, 2020, speaks volumes: “Child Care Centers in GSA-Controlled Buildings Have Significant Security Vulnerabilities.” The 30-page report that follows, drawing…
Capitol Markets
Issues and analysis relating to government leased and owned property
The Public Buildings Reform Board Eyes Federal Properties to Sell
On December 27, 2019, the five-person Public Buildings Reform Board (PBRB) presented a report to the Office of Management and Budget that identifies a dozen federal properties that, it urges, should be sold. Guided by the…
BLM’s Proposed Reorganization Stirs Controversy
In January 2018, then–Secretary of the Interior Ryan Zinke announced a sweeping program to reorganize the department, the largest such reorganization since its founding in 1849. Zinke’s plan involved dividing the United States into thirteen regions,…
The Congressional Budget Office Reports on Federal Investment
With the recent surge in congressional activity towards infrastructure spending it is worth noting a Congressional Budget Office (CBO) report released in June entitled Federal Investment, 1962 to 2018. That report provides a great overview of…
GAO Finds Fault with GSA’s Delegated Leasing
The federal entity principally charged with leasing property for the use of government agencies is the U.S. General Services Administration. In keeping with decentralization efforts in many areas of government, however, GSA long ago created a…
SIOR Conference Presentation
Last week the Society of Industrial and Office Realtors (SIOR) held its Spring World Conference in Washington, DC. I was fortunate to be asked to participate in a panel discussion entitled “Federal Real Estate Opportunities” alongside,…
Long-Term GSA-Leased Properties Are Stabilizing
The predominant federal leasing trend since the Great Recession is that the GSA-leased space inventory is shrinking. Though this overall inventory reduction has been occurring at a relatively moderate pace, the number of long-term leased properties…