In a recent blog article on Colliers’ Knowledge Leader site, National Director of Office Research Stephen Newbold reveals the scale of COVID-19 pandemic-driven occupancy decline in 2020. Newbold notes that the negative net absorption that has…
Tag: GSA
A New GAO Report Questions GSA Savings Claims
The U.S. General Services Administration (GSA) leases private property at a cost of billions of dollars—$5.7 billion annually, to be precise, spread out over more than 8,000 leases. Every year, the agency claims, it saves taxpayers…
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…
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…
Prospectus Authorization: What Does It Really Mean?
Looming large in the federal lease portfolio and in the minds of federal property investors is the “prospectus lease.” Numbering just over 200 nationwide, these are the GSA leases that exceed $3.095 million in annual levelized…
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…
Agency Profile: The US Army Futures Command
If knowledge is power, as the English scientist and politician Sir Francis Bacon is credited with saying, then knowing how and when to use force can be thought of as a kind of superpower. It requires…