Real Estate Investment and Savings Strategy
GSA's early purchase saved taxpayers an additional $99.8 million in avoided rent costs. See image for more information.
The consolidated lease moved two leases to federal space and reduced the agency's footprint by 52%.
The replacing lease was awarded with 15 year firm and full term, negotiated 14% below the authorization rate, and reduced the agency's footprint by 29%.
The Real Estate Investment and Savings Strategy is the Public Buildings Service's (PBS) plan to deliver real estate solutions to federal agencies and provide savings to the American taxpayer. Through this strategy, PBS will curtail future federal spending on leased space by several billion dollars, improve the condition of our owned assets, dispose of underutilized assets, and empower the PBS workforce to focus on highest value activities. The strategy consists of three strategic priorities: Footprint Optimization, Lease Cost Avoidance, and Productivity. These priorities focus on saving money, optimizing space, and working smart.