In the past 6 days, the number of lease terminations of underutilized buildings has increased from 3 to 22, with savings increased from $1.6M to $44.6M.
Department of Government Efficiency – Jan 27
The GSA terminated three leases of mostly empty office space, with tenants relocating to nearby buildings in the GSA portfolio.
With savings of $1.6M, these are the first steps to right size the Federal real estate portfolio of more than 7,500 leases