Joe Brennan, Managing Director, JLL Government Investor Services

The General Services Administration is signing short-term real estate leases before some of its contracts expire. The Washington Business Journal reports it helps GSA avoid paying higher prices to renew a deal after it runs out. But it also means GSA’s locking itself into longer deals. That’s a long-term problem, because the agency is supposed to be shrinking its real estate portfolio. Joe Brennan is managing director of JLL Government Investor Services Group. On In Depth with Francis Rose, he shared his vision of the future for federal real estate.

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