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…
Capitol Markets
Issues and analysis relating to government leased and owned property
Space Force Takes Flight
On February 19, President Donald J. Trump signed an order directing the Pentagon to develop plans to establish a U.S. Space Force, with its mandate to “marshal its space resources to deter and counter threats in…
Prospectus Approval: What Does It Really Mean?
Looming large in the federal lease portfolio and in the minds of federal property investors is the “prospectus level lease.” Numbering just over 200 nationwide, these are the GSA leases that exceed $3.095 million in annual…
Nation’s Capital Bears the Brunt of Most GSA Lease Downsizing
Since the end of 2012, GSA has been actively working to reduce the size of its leased footprint. Progress has been modest but consistent. At its December 2012 zenith, GSA leased 198.6 million square feet of space…
GSA Lease Terms are Poised for Growth
Recently, pre-solicitation notices posted to the Federal Business Opportunities website (FBO) have been indicating GSA’s desire to enter into longer lease contracts. FBO notices advertise GSA’s requirements for upcoming procurements, including the length of lease term…
CRE Insider Podcast
Recently, Ross Litkenhous of Altus Group invited me to participate as a guest on his CRE Insider podcast series. We covered a variety of subjects including the SWAMP Act, downsizing, GSA lease terminations and more. The conversation…
Agency Profile: The U.S. Bureau of Reclamation
The U.S. Bureau of Reclamation, popularly known as BuRec, is not much heard of east of the Hundredth Meridian, but in the 16 mainland states to the west it plays a central role in managing water…