President Obama last week announced that he is asking Congress for the authority to merge six trade and commerce entities into a single department tasked with boosting American business and promoting competitiveness. Specifically, his plan would…
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Social Security Data Center Contractor Selected
Hensel Phelps was recently awarded the $192 million contract to build a new data center for the U.S. Social Security Administration (SSA) in Urbana, Maryland. The data center will be constructed on a 65 acre site…
Spotlight: CBP
U.S. Customs and Border Protection (CBP) is one of the largest and most complex components of the Department of Homeland Security (DHS). It also is the largest law enforcement agency in the United States, with a workforce of…
GovSpeak: “Prospectus”
If you find yourself working on a large lease transaction, you’ll eventually hear the term “Prospectus”. The Prospectus refers to the document that GSA produces each time it seeks to execute a lease over a specified…
Postal Expansion!
OK, so the Postal Service isn’t expanding – quite the opposite. But, with all of the recent discussion of the decline of the U.S. Postal Service, we were intrigued by the attached, very cool, graphic illustrating…
GSA’s National Inventory Distribution
The General Services Administration (GSA) is typically referred to as the landlord for the federal government. On behalf of federal agencies it leases 191 million square feet in roughly 8,700 office, storage, lab and other types of leased locations across the United States and its territories. The map below highlights those space concentrations. It’s no surprise that federal leased space roughly matches the distribution of population in the United States. Also, it’s logical that the largest concentration of federal space is in Washington, DC. What may be interesting, however, is that there are significant concentrations of leases in markets such as Kansas City, Phoenix, Albuquerque, Minneapolis and Cinncinnati, among others; and the major…
Dept of State Inks Consolidation Lease in DC
The Department of State finally executed its long-awaited consolidation lease at 600 19th Street, NW in Washington, DC. The consolidation will merge the State’s Consular Affairs and Administration Bureaus from eight locations in Foggy Bottom and…
Welcome to CapitolMarkets.Com
Government real estate at the federal, state and local level is roughly estimated to comprise 6 billion square feet in the United States and its territories. Colliers International Government Solutions operates in this space daily, advising both…