According to the General Services Administration (GSA), there are many occasions where leasing office space is optimal for the federal government. For space requirements under 10,000 square feet, the acquisition of these spaces is often done via a more informal process than what is required for a space need over 10,000 square feet. The average lease term is 5-10 years, but some terms are shorter and others extend close to 20 years depending on the current and future market outlook.
Based on project needs, the government will outline the size and type of space needed, along with any special conditions that must be met to occupy the space. The amount of office space needed can range from a single room to entire buildings. Business is awarded on a competitive cost basis, typically to the lowest offer that is deemed acceptable.
In order to do business with the federal government, vendors must be registered within The System for Award Management (SAM.gov). As a value-add to our clients and members, Preferred Office Network is registered to do business with the U.S. Government. Via our assigned CAGE code, any government leads are accepted by Preferred, where we’ll manage the entire account, and bill, collect, and remit funds to our members where the office space is occupied.
For questions about doing business with the U.S. government, or if you are a government agency with needs for an office space lease in one of our 650 business center locations, please contact us at 855-4-NOTERM.