GSA budget reveals aggressive plans to slim down its leased space

The Environmental Protection Agency’s proposed relocation from Potomac Yard to the Clinton building in downtown D.C., a migration of about 1,200 employees, is part of the Trump administration’s larger strategy to reduce the federal leased footprint that’s already resulted in millions of square feet of empty office space.

The General Services Administration has shrunk its national leased real estate portfolio from about 194 million square feet in 2015 to a projected 183.5 million square feet in fiscal 2021, per a congressional justification the GSA released as part of the spending plan revealed by President Trump on Monday. The National Capital Region contains a large portion of the agency’s leased space nationwide.

It’s a trend the GSA initiated under President Obama and has continued under Trump. Shifting government agencies from leased space to federally owned properties like 1200 Pennsylvania Ave., the EPA’s main headquarters, has emerged as a major part of the space reduction strategy…

Read the full story from the Washington Business Journal.

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