Report: GSA Took Costly Short-Term Measures

A new report from the Government Accountability Office finds that the General Services Administration was forced to take costly short-term measures for more than half of the leases that expired during a recent three-year period.

The GAO report was requested by Delaware Sen. Tom Carper, who asked the office to look into leases that expire without a long-term plan in place and how to combat the issue moving forward, the Washington Business Journal reports. The GSA has also come under fire of late for its massive backlog on leases. With roughly half of the agency’s leased portfolio set to expire over the next five years, lawmakers have expressed concerns.

The GAO report recommends that the GSA develop a better system to track expiring leases and to develop plans for space ahead of time. GSA administrator Denise Turner Roth has indicated that the agency is addressing the issues and planning at least three years ahead of time for expiring leases. [WBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Loudoun County Moves To Pause Data Center Applications For 12 Months

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

Northern Virginia Office Tower Sells For Double Its 2024 Price

Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Pennsylvania Avenue Office Sells For Repositioning: The D.C. Deal Sheet

Georgetown Waterfront Office-To-Condo Conversion Lands Financing

Westfield Montgomery Pays Off $350M Loan As New Retailers Expand In Mall

Tishman Misses Payment Deadline On $450M International Square Loan

Real Estate Firm Debuts With $126M Purchase Of Historic D.C. Building

Surging Costs Force Alexandria Developers To Shift Plans