GSA has chipped away at costly short-term leases, but there’s more work to be done, audit finds

The General Services Administration has reduced somewhat its use of costly short-term measures in its efforts to make smarter real estate leasing decisions, but it still needs more buy-in from its own staffers and tenant agencies to bring those numbers down further, the agency’s inspector general has found.

That’s according to an audit issued Tuesday by the IG’s office, which credited the federal government’s civilian real estate arm for working harder to get out in front of expiring leases after years of tense exchanges between the GSA and its overseers in the House and Senate. Since 2014, per the audit, the GSA reduced the number of leases extended for short periods of time or past the date of expiration, from 1,229 and 97, respectively, to 1,022 and 68 in 2019.

The audit attributed those strides to a commitment to start the process of identifying space options sooner, from 24 months ahead of time to 36 months, and a 2017 memo from the GSA’s Public Buildings Service establishing milestones…

Read the full story from the Washington Business Journal.

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