Our GSAXCHANGE team, the investment sales and finance arm of Colliers Government Solutions, just published their inaugural “Government Market Insight” report, which includes an overview of sales activity and trends in the federal sector. Among their findings: 1. The trend of 10-year U.S. Treasuries versus GSA-leased property cap rates demonstrates that the spread widened significantly […]
In response to an official request by Mayor Gray and effective May 23, 2012, GSA has expanded the District of Columbia’s Central Employment Area (CEA) to include the St. Elizabeths East Campus and the Capitol Riverfront Business Improvement District (highlighted in yellow) paving the way for federal agencies to locate there. While the existing office […]
As we reported back in February, GSA has been planning to move about 1,000 employees from its Heartland Region Headquarters at the Bannister Federal Complex to leased space in downtown Kansas City, Mo. Earlier this month (on Dec. 5), GSA announced that it is seeking 146,572 to 153,901 square feet of office space within the downtown […]
Since 2003, the General Services Administration (GSA) has required basic LEED certification for all federal buildings, and it upped the ante in 2010 by requiring LEED-Gold. But every five years, thanks to the Energy Independence and Security Act of 2007, the GSA must review green building certification systems, then report its findings to the Secretary […]
Which federal agency’s mission is to “Advance freedom for the benefit of the American people and the international community by helping to build and sustain a more democratic, secure, and prosperous world composed of well-governed states that respond to the needs of their people, reduce widespread poverty, and act responsibly within the international system”? The […]
We’ve been wondering since last Monday who would replace Bob Peck as GSA’s commissioner of public buildings, who was fired that day as part of the now infamous “GSA Las Vegas Scandal.” The answer came yesterday afternoon (Monday, April 9), when GSA announced that it has appointed Regional Commissioner Linda Chero acting head of GSA’s […]
From Quincy, Florida, to Ketchikan, Alaska, field offices of the Social Security Administration (SSA) are being shuttered. Since 2010, 64 field offices have closed around the country, the largest number in the agency’s 79-year history. In…
Colliers today released its Q1 report profiling the North America industrial market. It demonstrates that the overall outlook is bullish for manufacturing, intermodal transportation, port activity, and thus for industrial real estate. The increase in specialized manufacturing…
As illustrated in the graph above, the average age of buildings leased by GSA has hovered at or around 15 years through the 2000s. Yet, recently that figure has been trending older. The GSA leased inventory is aging. But why? There are probably two primary drivers propelling this trend. The first is that GSA’s leasing corps has been leaning […]
Which federal agency is responsible for 150 million acres of land? The U.S. Fish and Wildlife Service (FWS), a bureau within the Department of the Interior, manages the 150 million-acre National Wildlife Refuge System, which is made up of more than 550 National Wildlife Refuges and thousands of small wetlands and other special management areas. […]
Changes in the House Republican leadership overseeing GSA continue. Incoming House Transportation and Infrastructure Committee Chairman William “Bill” Shuster (R-Pa.) announced yesterday (January 16) that he is appointing fellow Pennsylvania Republican Lou Barletta to head the Economic Development, Public Buildings and Emergency Management Subcommittee. That subcommittee oversees federal real estate programs, including GSA’s Public Buildings […]
One of GSA’s unique challenges is that it must adapt its leases to accommodate a vast array of laws, executive orders, federal regulations and other agencies’ policies. That’s a hard thing to do and it’s made more difficult by the fact that GSA isn’t always an active participant in the creation of these laws and […]
Attached is our review of last year’s federally leased property sales activity. Highlights from this report include: • Consolidation of leases, multi-agency occupancy, and relocation of leases to GSA-owned buildings continues to take place; • From YE 2012 to YE 2015, GSA has trimmed its lease inventory by 6%, but total square footage is only […]
Experienced GSA-leased property investors are quite familiar with the advantages and challenges associated with ownership of property leased to the GSA. However, new entrants to the investment sales market for single-tenant GSA-leased property often ask why investors seek to acquire these assets. We typically answer this question by highlighting the advantages and challenges associated with […]
