When we searched for the GSA’s most expensive office lease (measured in rent per square foot) we expected to find it in New York, or Boston, or maybe San Francisco or L.A., but we never expected…
Category: Leases
GSA’s Inventory of Large Leases
This graphic is interactive, click here. (for Internet Explorer users, version 9 or above is required) Investors often ask us a variety of common questions about the market for GSA leases. They ask: “How many…
The Longer the Term, The Higher the Rent (That Doesn’t Make Sense, Does It?)
Powered by Tableau A while back we studied the national lease expirations trend and we were interested to see how the volume of expirations tends to “step” down about every five years. The big step occurs…
GSA’s Dwindling Lease Term
The government right now is, well, it’s in turmoil. That’s voiced as an opinion but it feels like actual, quantifiable fact. The United States is still fighting its way out of a deep and prolonged recession,…
Lease Expirations By Year
Powered by Tableau Any observer of the federal leasing market will agree that the pace of new leasing has slowed considerably. This is to say that there are few requirements for new space or expansions of…
GSA Leasing: State By State
Powered by Tableau The U.S. General Services Administration (GSA) leases 194 million square feet of office, industrial and special purpose space on behalf of its tenant agencies. This space is distributed among 8,800 leases throughout the…
Long-Term, GSA-Leased Investment Opportunities Are Limited
The investment market for GSA-leased properties has become progressively robust as investors seek to place capital in long-term leased, stable assets. To the degree that these can be bought with 10+ years remaining (and a properly…
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…