Earlier this month, the US General Services Administration (GSA) and Department of Energy (DOE) issued a joint request for information calling on vendors to propose innovative building technologies in support of federal guidelines and goals, or, as…
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National Broker Contract, Round 3
The General Services Administration (GSA) has issued its RFP for the third generation of its broker and leasing support services contract – formerly the National Broker Contract (NBC), now named GSA Leasing Support Services (GLS). The…
Top Federal Property Owners (2015 Edition)
Welcome to our third year tracking the largest property investors in the federal space. For those of you who have reviewed the 2013 and 2014 editions of our “top 10” list, you know that we limited…
Sales Market Insights – Mid-Year 2015
GSAXCHANGE, the investment sales arm of Colliers Government Solutions, has published its Mid-Year 2015 “Government-Leased Assets” report, which includes an overview of sales activity and trends in the federal sector. Some insights from this report: Cap rates…
GSA’s Leasing Capacity
In a recent Washington Business Journal article entitled “Time is running out for the feds to take advantage of Washington’s tenant market” (*paywall*), the reporter noted that GSA will struggle to take full advantage of the current tenant’s market…
Which Way The Political Wind Blows
During the first half of this year Congress has hosted a number of hearings, both on Capitol Hill and in various cities across the United States, that provide a clear view of its objectives regarding federal real estate. All of…
The Key Sustainable Products Initiative
Is your bathroom tissue squeezably soft? Does your soap leave your hands germ-free? Advertisers lie awake at night worrying about whether consumers are worrying sufficiently about such things. And as for the federal government—well, officials there…
Non-Cancelable GSA Leases Are Now Even Scarcer
Despite increasing congressional pressure to improve the number of long, firm-term leases, GSA and its tenant agencies have proven that they are not yet serious about weaning themselves from their addiction to termination rights. As measured from the leasing peak…
Making Sense of Cap Rates for GSA Properties
One of the most important (and perplexing) concepts we run into on a daily basis in the GSA property marketplace is the concept of “cap rate.” The cap rate has long been used as a benchmark…
GSA Occupancy of New Buildings Has Dwindled
Long-time participants in the federal sector have clearly sensed that the volume of new lease-construct (i.e. build-to-suit) projects has declined substantially in recent years and that the government has been engaged in a spirited game of kick-the-can, leading to…