- The Trump administration is considering the sale of two-thirds of the government’s owned office space and the termination of three-quarters of its leased office space, managed by the General Services Administration (GSA). The GSA currently leases over 149 million square feet of office space, paying nearly $5.2 billion in annual rent.
- The move is part of the Senate Department of Government Efficiency (DOGE) initiative, aimed at reducing government waste and improving efficiency.
- The proposed changes will have significant impacts on metropolitan areas, especially Washington D.C., where the GSA leases nearly 10 percent of the office market, spanning 35.8 million square feet. Other major affected areas include New York City, Kansas City, Philadelphia, Atlanta, Los Angeles, Dallas-Fort Worth, Chicago and Denver.
- Elon Musk and Vivek Ramaswamy were appointed by Trump to lead the DOGE, working with the White House and Office of Management and Budget to drive large-scale structural reform and create an entrepreneurial approach to government.
The Trump administration is considering shedding a substantial portion of the government’s massive office space portfolio, managed by the General Services Administration (GSA).
According to sources cited by the Wall Street Journal, the administration is exploring the sale of two-thirds of the office space the government owns, along with the termination of three-quarters of its leased office space. (Related: Democratic congressman joins House DOGE Caucus, suggests axing 2 agencies from DHS.)
The proposal aims to reduce government waste and improve efficiency. The GSA currently leases over 149 million square feet of office space across the country, paying nearly $5.2 billion in annual rent to private-sector landlords.
A recent report from Sen. Joni Ernst, chair of the Senate Department of Government Efficiency (DOGE) caucus, highlighted the severe under-utilization of government-owned office space. The report found that none of the headquarters for major federal agencies in Washington, D.C., are operating at more than half capacity, with occupancy rates averaging just 12 percent in GSA-owned buildings in the nation’s capital.
The GSA owns over 7,500 vacant buildings nationwide, with more than 2,200 partially empty. These underutilized properties are a significant drain on the government’s budget, with maintenance and operational costs eating away at the funds available for other critical initiatives. […]
— Read More: www.naturalnews.com
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