The federal government is one gigantic office tenant. And a new General Accounting Office report says that, in a survey, most agencies are planning significant cutbacks in the amount of space they use.

The General Services Administration, or GSA, is the federal government’s property manager. “GSA leases space for agencies from other federal agencies, public entities, and private-sector lessors in commercially owned buildings,” the report stated. “As of March 2022, GSA managed 7,760 leases, totaling nearly 180 million square feet. Rent costs for these leases are about $5.7 billion annually.”


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Erik Sherman


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