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GSA Will Put Hundreds of Non-Core Office Properties Up for Sale
In keeping with current efforts to downsize the federal government’s footprint, the General Services Administration (GSA) will make hundreds of non-core government-owned buildings, primarily office, available for sale. The exact number is not clear at present: the GSA originally posted a roster of 443 properties, later revised it downward to about 320 and then withdrew the list altogether, saying that a new one would be “coming soon.”
The roster as originally posted totaled about 80 million square feet and spanned most of the 50 states, with a concentration in Washington, DC and its metro area. GSA said the sales could save the government up to $430 million in operating costs per year.
“Decades of funding deficiencies have resulted in many of these buildings becoming functionally obsolete and unsuitable for use by our federal workforce,” GSA said in a statement. “We can no longer hope that funding will emerge to resolve these longstanding issues. GSA’s decisive action to dispose of non-core assets leverages the private sector, drives improvements for our agency customers and best serves local communities.”
Pictured: GSA headquarters in Washington, DC, among the properties on the original roster of non-core assets.
- ◦Sale/Acquisition
