2.3: Excess Property
Eliminating Excess Real Property Other Information:
The Federal Government is the country’s largest property owner and energy user, with a real property inventory that includes
1.2 million buildings, structures, and land parcels. Currently, Federal agencies operate and maintain more real property assets
than necessary, with 14,000 buildings and structures designated as excess and 55,000 identified as either under- or not-utilized.
To address this problem, the President signed a Memorandum in June directing agencies to accelerate efforts to remove excess
and surplus property and to achieve $3 billion in cost savings (in addition to the $5 billion that the Department of Defense
is anticipated to save through the Base Realignment and Closure process). We are working with the General Services Administration
(GSA) to develop agency-by-agency cost saving targets and detailed plans to reach them. These plans will include: accelerating
the identification and disposal of surplus assets; eliminating lease arrangements that are not cost effective; pursuing consolidation
opportunities within and across agencies; and increasing occupancy rates through innovative approaches to space management
and alternative work arrangements such as telework.
Indicator(s):
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