WASHINGTON, DC—The General ServicesAdministration has identified 19 projects across thecountry in which it will work with federal agencies to consolidatetheir offices into federally owned space.
GSA says the initiative will save federal agencies $17million in annual rent payments and reduce the federalfootprint by 507,000 square feet. It will also reduce thegovernment's leasing costs by more than $38 million.
We will be taking a closer look at this project over the nextday. In the meantime turn to the next page for a list of theprojects.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
