The U.S. General Services Administration (GSA) has announced its plan to dispose of eight federally owned properties, which could save the federal government up to $475 million over the next decade. This move is part of the agency’s ongoing efforts to streamline the federal real estate footprint and reduce costs.
On Wednesday, the GSA took initial steps toward selling or repurposing properties, including post offices, courthouses, and office buildings located in Vermont, Florida, Indiana, and other areas. GSA Administrator Robin Carnahan emphasized the agency’s commitment to optimizing the federal buildings portfolio, benefiting both local communities and taxpayers.
The properties will not be officially offloaded until the GSA gathers input from local stakeholders and ensures that each building is repurposed productively. The agency will also coordinate with federal tenants to create a relocation plan and budget. Where feasible, the GSA may consider redeveloping the properties into housing.
