Real Estate Investment and Savings Strategy
GSA's Purchase of the Department of Transportation's Headquarters Saves Taxpayers $409 Million
GSA's early purchase saved taxpayers an additional $99.8 million in avoided rent costs. See image for more information.
The Department of Agriculture's Consolidated Lease Saves $1.5 Million Annually in Rent
The consolidated lease moved two leases to federal space and reduced the agency's footprint by 52%.
The Environmental Protection Agency's Replacing Lease in Denver Achieved $67M in Cost Avoidance
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%.
Public Buildings Service (PBS) Achieves $9.8 Million In Savings
The replacing lease for the Department of Commerce’s National Technical Information Service (NTIS) achieves $9.8 Million in savings.
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.