Friday, November 13, 2015

Management of Vacant Properties- U.S. Postal Service

"The U.S. Postal Service owns over 8,000 properties and leases over 23,000 properties with annual rents of more than $800 million. The Postal Service Facilities organization oversees these properties, including balancing the real estate portfolio, maximizing revenue, and managing vacant properties.

Area and district personnel vacate Postal Service properties due to events such as network optimization efforts, emergency suspensions (environmental or accidental issues), and staffing shortages. As of April 2015, the Postal Service identified 62 vacant leased properties with annual lease amounts of $2.1 million and 79 vacant owned properties valued at about $48 million. This was a snapshot in time. We did not evaluate all properties identified as vacant over the past 2 fiscal years and the actions taken by the Postal Service during that timeframe..."
U.S. Postal Service

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