Friday, March 7th 2025, 10:36 am
The General Services Administration (GSA) says they are taking steps to optimize the federal government’s real estate footprint, considering options such as public-private partnerships, ground leases, and property sales to increase efficiency and reduce costs.
As part of this effort, GSA recently published a list of non-core federal properties that could be sold or repurposed. Among the properties flagged for potential disposal was the Oklahoma City Federal Building.
Previous Coverage: Oklahoma City Federal Building's future uncertain as government reassesses properties
Officials have said that inclusion on the list does not mean a property is immediately up for sale and the agency will evaluate offers in accordance with federal laws and regulations while ensuring taxpayer interests are prioritized.
GSA has received significant public and private interest since releasing the initial list on March 4, 2025. The agency plans to revise and republish the list after reviewing stakeholder feedback to enhance clarity on the listed properties.
GSA released a statement to News 9 that said:
“GSA is taking swift, common-sense action to solve the nation’s toughest problems of reducing the federal deficit and increasing government efficiency. That’s why we’re exploring innovative approaches—including public-private partnerships, ground leases, sale leasebacks, and interagency co-working agreements—to optimize our real property portfolio in support of the administration’s EO. These actions will result in increased service quality to our customers and savings to the American taxpayer.
The goal of publishing non-core assets was two fold: (1) to align with the President’s direction to bring federal employees back to high performing office spaces throughout the country and (2) drive maximum value for the federal real estate footprint for the benefit of the American taxpayer. To be clear, just because an asset is on the list doesn’t mean it’s immediately for sale. However, we will consider compelling offers (in accordance with applicable laws and regulations) and do what's best for the needs of the federal government and taxpayer.
Since publishing the initial list on March 4, 2025, we have received an overwhelming amount of interest.
We anticipate the list will be republished in the near future after we evaluate this initial input and determine how we can make it easier for stakeholders to understand the nuances of the assets listed. As we stated in our press release, “GSA will continuously review and update the list of non-core assets.”
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