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OMB sets no-growth policy on federal real estate footprint

Mar. 18, 2013 - 01:44PM   |  
By ANDY MEDICI   |   Comments
Agencies are under orders to freeze or reduce the amount of real estate they own and lease at 2012 levels or less.
Agencies are under orders to freeze or reduce the amount of real estate they own and lease at 2012 levels or less. (File)

Agencies are under orders to freeze or reduce the amount of real estate they own and lease at 2012 levels or less.

In March 14 guidance, the Office of Management and Budget told agencies to develop three-year real estate plans and to estimate prospective real estate savings through fiscal 2015.

They also must work collaboratively with other agencies and the General Services Administration to identify co-location opportunities wherever possible.

GSA will evaluate agency real estate footprints every year and verify the reported information.

Danny Werfel, OMB controller, said in a blog post that agencies will incorporate best practices from previous efforts to shed unneeded property.

The guidance builds on an OMB directive last May requiring agencies to offset any new buildings or office space with a corresponding reduction somewhere else. And it builds on an earlier directive that required $3.5 billion in savings in real estate costs from fiscal 2010 to 2012.

“Agencies have made tremendous progress in making their real estate inventories more efficient, however, we know there is still more work to be done,” Werfel said.

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