Home / Civilian / Report: Federal Real Estate Costs Rose $1.5B in 2010

Report: Federal Real Estate Costs Rose $1.5B in 2010

Federal real estate maintenance costs rose by more than $1.5 billion in 2010, Federal Times reports.

Federal Times obtained a General Services Administration report which said the government spent $30.7 billion to maintain 3.3 billion square feet of property in 2010.

Maintenance costs went up from $29.9 billion in 2009, excluding some Defense Department facilities.

GSA said maintenance costs include cleaning, groundskeeping, repairs and trash disposal.

On average, the government spent $5.30 per square-foot to maintain property it owned and $15 to maintain leased space; an increase from $12.80 in 2009.

Federal Times also reported the cost of maintaining excess and underutilized property decreased from $1.8 billion to $1.6 billion per year in 2010.

Check Also

DoD: China Acquiring Tech for Military Modernization Through Legal and Illicit Means

The Defense Department said in a recent report that the Chinese government has been pursuing its military modernization goals through legal and illicit means, procuring foreign technology through legal means but also engaging in clandestine operations to gain access to regulated or export-restricted material, the DoD stated in its report to Congress.

Leave a Reply

Your email address will not be published. Required fields are marked *