One of GSA’s unique challenges is that it must adapt its leases to accommodate a vast array of laws, executive orders, federal regulations and other agencies’ policies. That’s a hard thing to do and it’s made…
Category: Leasing Policy
The Bow Wave
Ever wonder why each time you see a graph of GSA lease expirations, it seems like the expirations volume in the upcoming year is the largest ever? Well, there’s a logical, and unfortunate, reason for it:…
CPRA is Unwelcome News for Independent Agencies
This week the House of Representatives passed H.R. 1734, known as the Civilian Property Realignment Act (CPRA), with voting carried by the Republican-led House, largely along party lines. The legislation describes its purpose as “To decrease the…
Why The Termination Rights?
One of the great frustrations landlords encounter with GSA is the Government’s frequent and seemingly reflexive insistence on termination rights. We conducted a quick analysis of 1,165 procurements conducted by GSA in the past 7 years…
GSA’s Space Reduction Plan
On Federal News Radio this past Friday, Elaine Clancy, GSA’s Director of Leasing, was interviewed regarding GSA’s efforts at space reduction and consolidation and her answers underscored a broader theme growing ever louder at GSA: the…
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…