Imagine owning a vast portfolio of properties but using only a fraction of them, all while piling up billions in unpaid, compounding maintenance bills. This is the reality for the federal government, where the cost of office space has ballooned, and infrastructure is aging faster than we can keep up. Our government spends $2 billion annually for its offices and an additional $5 billion leasing extra office space.
Yet federal office space utilization rates are shockingly low; on average 9 percent to 35 percent of office space is used. Deferred maintenance costs reached a staggering $80 billion in 2022 and will be $100 billion in 2025.
Read on to learn more about the complicated and thorny problem of federal real estate, with a path forward envisioned by A&M’s Federal practice experts.
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