OMB Sets No-Growth Policy on Federal Real Estate Footprint

March 18, 2013

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.

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