The General Services Administration, the country’s largest property owner, is targeting real estate as part of an effort to cut costs and reduce the government’s carbon footprint.
GSA has identified 19 projects across the country that it can work with other agencies on to consolidate into a federally owned space. The agency provides workspace for more than 1 million federal workers, making up more than 9,000 properties, or 377.9 million square feet of workspace.
The investment will save agencies $17 million in annual rent payments and reduce the government’s leasing costs by more than $38 million, GSA said. A list of the identified projects can be found here.
“By consolidating these locations, we are not just eliminating redundant rents and space, but also encouraging collaboration among government workers by creating open workspace,” GSA Administrator Dan Tangherlini said. “We’re ushering in a new day for office space throughout the federal government.”
GSA has made strides in reducing its real estate price tag with its Total Workplace initiative at GSA’s 1800 F St. office space in D.C. Its new office space ventures away from the traditional cubicle work environment, instead opting for a more open workspace to promote collaboration and increased productivity in less space, according to the agency.