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…
As of December 31, 2014, U.S. insurance companies will no long provide coverage against acts of terrorism, and neither will the U.S. government back them in doing so. Those are the likely immediate effects of Congress’s failure to extend the Terrorism Risk Insurance Act (TRIA), blocked on December 16 in the Senate after outgoing Senator […]
With over 1,000 leased facilities, often in single-tenant buildings, the Social Security Administration (SSA) is a staple of many federal investor portfolios. Like other federal agencies, however, SSA has been dutifully implementing the “Reduce the Footprint”…
Protestors gathered on May 15 in front of the Federal Communications Commission’s (FCC) D.C. headquarters, hoisting banners demanding the commissioners “Save the Internet.” But the vote that day advanced a proposal fiercely opposed by many consumers and Silicon Valley companies as a threat to net neutrality. The FCC finds itself at the center of the […]
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…
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:…
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…
The U.S. General Services Administration (GSA) leases 194 million square feet of office, industrial and special purpose space on behalf of its tenant agencies. This space is distributed among 8,800 leases throughout the United States and its territories. Though government facilities may be found everywhere, it’s clear that the District of Columbia and a handful […]
6505 Belcrest Road, a short walk from the Prince George’s Plaza Metro Station. Prince George’s County leaders and their Congressional representatives have long complained that they have been spurned by the GSA. As evidence, they point to a 2007 University of Maryland report, which determined that the County is home to only 3.9% of the […]
Sen. Barbara Boxer (D-Ca.) Last week, (Monday, January 21) in his second inaugural address, President Obama highlighted the need to mitigate the growing impacts of climate change, saying “We will respond to the threat of climate change, knowing the failure to do so would betray our children and future generations.” The next day—the first of […]
In January 2018, then–Secretary of the Interior Ryan Zinke announced a sweeping program to reorganize the department, the largest such reorganization since its founding in 1849. Zinke’s plan involved dividing the United States into thirteen regions,…
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…
The title of a new report by the US General Services Administration (GSA), issued on January 30, 2020, speaks volumes: “Child Care Centers in GSA-Controlled Buildings Have Significant Security Vulnerabilities.” The 30-page report that follows, drawing…
On January 8th, as anticipated at the close of the 113th Congress, the House of Representatives and Senate voted overwhelmingly to reauthorize the Terrorism Risk Insurance Act (TRIA). In one of the first pieces of legislative business to be conducted since the convocation of the 114th Congress, the House voted 416–5 on January 7 to […]
