GSA to Sell Unused Buildings

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federal buildings

Fox News

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Business

Business & Economics

DOGE's plans to offload government buildings supported by former GSA official

Summary

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74% Informative

Ex-GSA head Emily Murphy says the GSA will "rightsize its portfolio" by selling or leasing unused government buildings saving money to help the government run more efficiently.

The GSA 's cost-cutting efforts have already resulted in 794 lease terminations with a total of over $500 million of lease obligations being canceled.

Murphy said terminating leases and selling unused office space will benefit the government twofold: First , it can shore up money to fund government agencies in the short term.

Dozens of federal office and building leases will be terminated by June 20 , with hundreds more expected in the coming months .

"Still

way

too many leases on unused buildings," Musk wrote on his personal X account and DOGE ’s official account.

The Associated Press reported last week that GSA published a list of more than 440 federal properties the government was planning to offload.

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semi-formal

Language

English