There are more than 5,000 distinct owners of GSA-leased properties in the United States but the ten listed above stand apart because, together, their properties house 15% of the entire GSA lease inventory. (GSA, take note: these are your most important landlord customers.) Some notes regarding this list: We have ranked owners by square footage […]
Last year we published our inaugural list of the ten largest owners of GSA-leased properties. In this article we chronicle the top 10 list again, along with a few new honorable mentions. The ranking looks a lot like last year’s but we see some pending property trades that could shake things up in 2015. Some notes regarding this […]
The USPS office on the left may be suitable for backfill by another federal agency. The one on the right…not so much. (Source: GAO Report) The U.S. Government Accountability Office (GAO) recently recommended that federal property-owning agencies work together and with other agencies to coordinate their space needs, in order to identify ways in which […]
Though the federal lease inventory continued to shrink in 2015, there was plenty of action, especially in the Washington, DC area where most of the big federal tenants reside. Here is a selection of the most notable transaction activity…
After completing a comprehensive analysis of BRAC 2005—the “biggest, most complex, costliest BRAC round ever”—the Government Accountability Office has released a report identifying a series of lessons learned that could be applied if Congress chooses to authorize future BRAC rounds. Military Bases: Opportunities Exist to Improve Future Base Realignment and Closure Rounds (GAO-13-149), released earlier this month, […]
The trend in space utilization is towards greater efficiency, mobile work and collaborative workspaces. As we have discussed many times on this blog (including here and here), the federal government has embarked on efforts across its leased and owned inventory to improve space utilization. The workplace is changing for federal agencies just as it is for […]
Net demand for office space during this recession now totals negative 153.1 MSF, far eclipsing the negative 92.4 MSF recorded during the Global Financial Crisis a little more than a decade ago. A recent article on Colliers’ Knowledge Leader blog observes that, while net demand remains negative, it was markedly less so in Q2 2021. […]
Marble steps and columns crowned in the Corinthian order, yes. Great battleship-like masses of bare concrete, no. So demands an executive order issued from the White House on December 1, 2020, shorthanded as the “beautiful buildings…
As the ball drops on New Year’s Eve, uncertainty will surely rise over the impending expiration of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA). Under the program, the federal government caps losses faced by insurers in the event of a major terrorism event. Although sunset for the law would not occur until December 31, […]
Through all of the partisan dysfunction our nation has endured in recent years, the federal budgeting process nonetheless managed to stagger along. Until October 1st. Then the U.S. Government experienced its first shutdown since 1995. The event was bracing because we have come to view partisan discord and 11th-hour negotiations as part of the federal […]
(Photo: GSA) Federal offices remain closed or short-staffed for the shutdown, but eventually copiers will hum and coffee will perk again. While imagining that future, it’s also possible to wonder how the federal workplace will look in the months and years to come. According to a video released in September from the General Services Administration (GSA), […]
After a cliffhanger Senate vote on July 31, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) has its first permanent director in 7 years. B. Todd Jones, acting director since 2011, now officially heads a…
“Extreme Leasing” is a periodic feature profiling the biggest, smallest, highest, oldest, newest and other extremes in the government lease inventory. 600 Dulany Street (center) flanked by four additional PTO office buildings. Photo: CoStar The largest GSA lease in the United States can be found in Alexandria, VA. It is the 2,386,940 RSF home of […]
(Photo: GSA) Efforts to shrink federal and private sector real estate footprints are changing the workplace. Sharing non-dedicated spaces and adopting technologies that allow work anywhere, any time have been expected to improve employee productivity even as square footage per worker constricts. But the 2013 U.S. Workplace Survey by design and architecture firm Gensler reveals […]
