Federal Real Estate: Underused Space, Aging Infrastructure

Imagine owning a vast portfolio of properties but using only a fraction of them, all while piling up billions in unpaid, compounding maintenance bills. This is the reality for the federal government, where the cost of office space has ballooned, and infrastructure is aging faster than we can keep up. Let's pull back the curtain on federal real estate and see what's really going on and why it matters to you.

The Current State of Government Office Space

Here's a jaw-dropper: The federal government spends $2 billion annually for its offices. There's more — an additional $5 billion is spent leasing extra office space.¹ This may not seem concerning until you hear that many federal buildings harbor environmental liabilities as the General Services Administration (GSA) stares down $2 billion in environmental liability costs