GSA REAL PROPERTY DISPOSITIONS

Real Estate

The GSA engaged Concourse to perform a detailed analysis that explored all possible methods of subleasing vacant space to non-federal tenants.  Concourse provided recommendations outlining the optimal course of action for each location based on current real estate market conditions in each submarket and existing lease terms.  The analysis for each location included:
• Market rental rates, expenses, and lease terms
• Prospective tenants and/or target market for a sublease agreement
• Statement as to why subleasing a particular space may not be feasible
• Estimated cash flow that could be derived from a sublease at the applicable market rental rate as well as a discounted cash flow analysis
• A description of the current state of the rental real estate market
• A proposed marketing strategy for each rental real estate market