United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2008-01-24 monographic deposited born digital 45 p. GA 1.13:GAO-08-197 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-197 P0b002ee1803864c1 f:d08197 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-08-197 machine generated eng fdlp REPORT GAOREPORTS-GAO-08-197 GAO-08-197 Cost effectiveness analysis Data collection Data integrity Federal agencies Federal property Federal property management Leases Leasing policies Office buildings Real estate leases Real property Real property acquisition Cost estimates GAO High Risk Series Other Written Product A80110 In January 2003, GAO designated federal real property as a high-risk area, citing the government's overreliance on costly, long-term leasing as one of the major reasons. GAO's work over the years has shown that building ownership often costs less than operating leases, especially for long-term space needs. GAO was asked to identify (1) the profile of domestically held, federally leased space including the overall amount and type of space agencies lease, and any related trends; (2) the factors that drive agencies to lease space that may be more cost-effective to own; and (3) any actions taken by the administration and alternative approaches proposed to address this issue. GAO reviewed fiscal year 2006 Federal Real Property Profile (FRPP) leasing data and relevant documents and interviewed officials from the General Services Administration (GSA), the Office of Management and Budget (OMB), and the U.S. Postal Service (USPS). GAO also reviewed 10 building leases that were among those with the largest dollar value in 3 locations GAO visited. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-197/html/GAOREPORTS-GAO-08-197.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-197/pdf/GAOREPORTS-GAO-08-197.pdf GAO-08-197 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-197 Other Written Product GAO-08-197; Federal Real Property: Strategy Needed to Address Agencies' Long-standing Reliance on Costly Leasing; Cost effectiveness analysis Data collection Data integrity Federal agencies Federal property Federal property management Leases Leasing policies Office buildings Real estate leases Real property Real property acquisition Cost estimates GAO High Risk Series