OMB Approves PBRB’s Recommendations for Disposition of Federal Properties

The Office of Management and Budget approved the consolidation and disposition of 11 federal properties totaling nearly 7.1 million square feet, including four in the Washington, D.C. area and others nationwide. Exiting these sites is expected to save $52 million in the first year and $5.4 billion over 30 years. The Public Buildings Reform Board aims to optimize the federal real estate portfolio without new taxpayer funding, supporting cost efficiency and portfolio consolidation.