A recent story in the Wall Street Journal (reposted on Realtor.com) says the U.S. government has an in-house landlord, and President Trump is no fan. In fact, they say the new administration is considering selling two-thirds of the federal government’s office stock – many of which has been poorly maintained and are sitting empty or underused, according to the GSA (Government Services Administration). Interestingly, the GSA manages a huge portfolio of federal buildings nationwide that consists of nearly 370 million square feet. Indeed…
A GSA spokeswoman said: “GSA continues to work to right-size the federal portfolio, and is committed to optimizing space in federal buildings.” GSA could further accelerate these efforts with funding from Congress, she added.
Click here to read the full story at Realtor.com.
Click here to read the full story at the Wall Street Journal.
Click here to see a listing of the GSA’s unused and underused space.
