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This Time GSA's Consolidation Announcement is Different

WASHINGTON, DC—Landlords of nearby buildings will not be getting renewals, JLL's Chris Roth tells GlobeSt.com's Erika Morphy.

By Erika Morphy | Updated on April 22, 2014

WASHINGTON, DC—On Monday the General Services Administration announced it has identified 19 buildings across the country into which it will encourage federal agencies to consolidate. The initiative is a long-standing goal of GSA’s, Kurt Stout, executive vice president of the Colliers Government Solutions’ national practice group, tells GlobeSt.com.

“This reflects a line of think that has been growing at the GSA for years,” he says, “which is that GSA as a fundamental duty to reduce the real estate costs of the federal government and one key way to do so is to consolidate into their owned space, which they view as cheaper than leased space.”

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