The Office of Management and Budget approved recommendations in May 2025 for the consolidation and disposition of 11 federal properties encompassing nearly 7.1 million gross square feet of office space in eight U.S. cities. That action was in response to the Public Buildings Reform Board’s (PBRB’s) second round of recommendations for federal property consolidation and disposition.
The Federal Assets Sale and Transfer Act of 2016 established the PBRB to identify and recommend federal properties for sale and to make recommendations for streamlining the disposal process. To date, the PBRB identified and recommended disposal of properties worth more than $450 million. In its first report, the High Value Asset Report issued in 2020, the PBRB recommended 12 properties for disposal. of which 10 were sold for a total of $193 million. In its second report, the First Round Report issued in 2021, it recommended 15 additional properties for dispositions, worth approximately $275 million. The PBRB will issue a third and final round of property divestment recommendations in 2026.
Properties identified by the PBRB for disposal and consolidation offer unique leasing and redevelopment opportunities for private sector real estate developers.
