GSA Leasing Plummets in 2012, According to Industry Report
December 5, 2012
The General Services Administration cut its spending on new leases by 96 percent from fiscal 2011 to 2012, according to a new report.
New lease awards fell from $1.2 billion in fiscal 2011 to $46 million in 2012, according to the report released Wednesday by real estate company Jones Lang LaSalle
The report attributed the steep drop to uncertainty about future budgets, congressional gridlock and increased scrutiny of GSA spending.