H.R. 6480: To direct the Administrator of General Services to submit a report to Congress on the state of the real estate portfolio of the Public Building Service, and for other purposes.

This bill proposes that the Administrator of General Services (GSA) submit an annual report to Congress regarding the real estate portfolio managed by the Public Building Service (PBS). The report is aimed at providing detailed insights into the state of federal real estate, specifically covering various aspects of leasing and property management. The key components of the report must include:

Report Submission Timeline

The first report is required to be submitted by January 31 each year, reflecting data from the previous calendar year.

Contents of the Report

The report should encompass the following details:

• Number of leases signed: This provides an overview of the leasing activity undertaken by the GSA.
• Number of leases terminated: This indicates how many leases have ended in the reporting year.
• Total number of leased spaces: A count of all spaces currently leased by the federal government.
• Amount of square footage leased: This specifies the total area covered by all leased properties.
• Amount of square footage occupied: This details how much of the leased space is currently in use.
• Amount of vacant leased space: This highlights any leased properties that are not currently occupied.
• Number of buildings owned: This counts the federal buildings that are owned by the government.
• Top customers by square feet and annual rent: Information on which agencies occupy the most space and how much rent they pay.
• Completed new construction and repairs: Details of any major building projects that were finished in the previous year.
• Financial indicators: This includes metrics on space usage, operating costs per square foot, and savings achieved from building disposals and lease terminations.
• Disposals of Federal buildings: Information on any federal properties sold or disposed of by the GSA.
• Plans for relocations: An outline of how federal agencies will be moved from spaces that are being disposed of, including costs and agency requests.

The main goal of the report is to provide transparency and accountability regarding the management of federal real estate, ensuring that Congress is informed about the effectiveness and efficiency of the GSA’s operations in this sector.

Relevant Companies

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