Long-time participants in the federal sector have clearly sensed that the volume of new lease-construct (i.e. build-to-suit) projects has declined substantially in recent years and that the government has been engaged in a spirited game of kick-the-can, leading to an unusually high volume of short term extensions. The result of these two factors is that the volume of space […]
The Colliers Government Solutions team represents owners of government-leased properties nationally. So, we travel a lot. This slideshow profiles my recent trip to Fresno, California. (Use arrow buttons to advance slides) https://www.capitolmarkets.com/wp-content/uploads/slideshow-gallery/Fresno Sign.jpg Fresno bills itself as the “Best Little City in the U.S.A.” We may debate the accuracy of this claim but clearly it’s […]
Buildings may not be the first thing brought to mind when thinking about the National Park Service (NPS). From Maine’s Acadia National Park to Volcanoes National Park in Hawaii, NPS protects approximately 84.4 million acres of wild, scenic, culturally and historically important lands and properties throughout the U.S. NPS is an agency of the Department […]
Despite a recent sharp decline in overall lease inventory, the number of long-term GSA-leased assets has come roaring back, nearly exceeding the peak of 222 achieved at the start of 2013. We examined the early stages of this recovery last September, and the number of long-term leased buildings has grown substantially since then. This reflects […]
At the end of each fiscal year GSA produces an analysis of its leasing activity that provides an interesting glimpse into the federal real estate sector. This spreadsheet report, the Lease Turnover Analysis, seeks to address many of the questions lessors commonly ask about the probability that GSA will renew leases, vacate them or even terminate […]
Vacant GSA Warehouse in Washington, DC (photo from GAO Report 15-41) Ninety million square feet. That’s about three times the size of Manhattan’s Central Park. According to a new report to Congress from the US Government Accountability Office, that’s also the amount of warehouse space the federal government leases or owns for its civilian agencies, […]
The Colliers Government Solutions team represents owners of government-leased properties nationally. So, we travel a lot. This slideshow profiles my trip earlier this year to Buffalo, New York. (Use arrow buttons to advance slides) https://www.capitolmarkets.com/wp-content/uploads/slideshow-gallery/Leased Locations.jpg Buffalo is home to 50 GSA leases totaling a little more than 1 million SF. Mirroring commercial development in the […]
The roots of the National Oceanic and Atmospheric Administration (NOAA) date back more than 200 years, to 1807, when the nation’s first scientific agency, the Survey of the Coast (later known as the U.S. Coast and…
The heart of the SAMMC complex including the 760,000 Consolidated Tower project funded through the 2005 BRAC. Located in the heart of San Antonio, Fort Sam Houston is one of the nation’s oldest Army bases. It was established in 1845—in rented buildings and a quartermaster supply depot in the Alamo—as the Post at San Antonio, […]
With the election upon us, we have begun to take a look at a few of the people we expect to take on new leadership roles in the 113th Congress. Today, we focus on Representative William “Bill” Shuster (R-Pa.), who—if the Republicans maintain control of the House on Tuesday (November 6)—is expected to be the […]
What little-known agency occupies the third-largest federal facility in the Washington, D.C., area (after the Pentagon and the Ronald Reagan building)? Last year, the National Geospatial-Intelligence Agency (NGA), part of the Department of Defense, moved into…
With the November election approaching, the topic of federal workforce reduction looms ever larger. The Republicans unveiled their Platform last Tuesday night (August 28th) and in it asserted their desire to reduce the federal payroll by 10%, to be implemented through attrition. The effort is not new, numerous Republican-sponsored bills were proposed in both the […]
Georgetown West Heating Plant (Photo: Ted Nigrelli) House Republicans once again have gone “on location” to highlight another underutilized/vacant/surplus federal property in an attempt to convince GSA to dispose of it. In yet another “Sitting on Our Assets” hearing, the House Committee on Transportation and Infrastructure’s Subcommittee on Economic Development, Public Buildings and Emergency Management […]
The federal government spends too much money, and it doesn’t keep tabs on what it’s spending money on. That’s the constant complaint, especially from critics in an election cycle—but it’s also a refrain that’s coming from the federal budgetary watchdog, the Government Accountability Office, with respect to the huge portfolio of properties that the government leases. […]
