- Collection:
- Georgia Government Publications
- Serial:
- ... Portfolio report.
- Title:
- 2021 Portfolio report.
- Creator:
- Georgia State Properties Commission, author.
- Publisher:
- Atlanta, Georgia : State Properties Commission
- Date of Original:
- 2021
- Subject:
- Georgia State Properties Commission--Periodicals.
Real property--Georgia--Periodicals.
Real property--fast
Georgia--fast
Georgia Government Documents--Serial - Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- state government records
- Type:
- Text
- Format:
- application/pdf
- Description:
- Began with FY 2015.
FY 2016 (Harvested on July 19, 2017 from gspc.georgia.gov); title from PDF cover (Georgia Government Publications database, viewed September 8, 2022).
FY 2020 (Harvested on January 12, 2021 from gspc.georgia.gov); (Georgia Government Publications database, viewed September 8, 2022). - External Identifiers:
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_1343956279-2021
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_1343956279-2021
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
FY 2021 PORTFOLIO REPORT SPC State Properties Commission REAL PROPERTY REAL SOLUTIONS
REVENUE TO TREASURY VS. EXPENDITURES
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
2017
2018
2019
2020
2021
Revenue Collected Expenditures
SPC tracks the revenue derived from the sale and lease of state owned assets, compared to the cost of SPC's operations, showing a significant annual benefit to Georgians. FY21 $33.4M
The State Properties Commission (SPC) is the real estate portfolio manager for the state and is responsible for the acquisition and disposition of all state-owned real property or real property interest with the exception of the Board of Regents and Department of Transportation.
AGE OF STATE OWNED BUILDINGS
0 - 20 Years 23%
51 Years and Over 31%
21-30 years 17%
31-40 Years 16%
41-50 Years 13%
SPACE ACTION REQUESTS BY TYPE
Renewals 76%
Renegotiation 9%
New 4% Other 1% Cancellations 10%
STATE STANDARDS FOR ADMINISTRATIVE SPACE
400
350
300
250
200
150
100
50
0
2016
2017
2018
2019
2020
2021
SPC's Space Management Division received and processed 668 space action requests from State agencies.
SPC tracks the square footage per employee in leased space to drive efficiency in space utilization.
SPC's acquisition of property and easements allowed West Georgia Technical College to construct the Administration, Maintenance, and Technology & Industry Buildings in Carrollton, Georgia.
PORTFOLIO SUMMARY
Total Buildings in Portfolio 13,826
Total Insured Value of Buildings
$34.8 billion
Total Owned and Leased Land
899,951 acres
Total Leases in Portfolio
2,305
Total Square Footage of Leases
42,825,000
$80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000
$0
PROPERTY ACQUISITION PRICE VS. FAIR MARKET VALUE
2017
2018
2019
2020
2021
Total Average FMV Total Acquisition Price
ANNUAL BOARD APPROVED ACQUISITIONS AND DISPOSITIONS
140
120
100
80
60
40
20
0
2016
2017
2018
2019
2020
2021
Acquisitions Dispositions
SQUARE FEET PER PERSON
State of Georgia | SPC State of Georgia | SPC
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333000,0,,00000000---444999,9,,999999 DrDDivrreiivvreeSrreSSrveeirrcvveiicsceess
555000,0,,00000000---999888,2,,2202200
FoFFrooersreetrssyttrrCyyoCCmoommmmismsiisiosssniioonn GBGGIBBII
HumHHauunmmSaaennrvSSiceeerrvsviicceess JuvJJeuunvivleeennJiuilleestJJicuuessttiiccee LabLLoaarbboorr NatNNuraaattluuRrreaasll oRRueersscooeuusrrcceess
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PubPPliucubbSllaiiccfeSStyaaffeettyy
RevenRRueeevveennuuee SecreSStaeerccyrreeottfaaSrrytyaooteff SSttaattee Soil &SSWooiiall t&&erWWCaaottneesrreCCrvooanntssioeenrrvvCaaottiimoonnmCCisoosimmonmmiissssiioonn TechnTTieecccahlhCnnioiccllaaellgCCeooSllllyeesggteeemSSyysstteemm
VeterVVaenetsteeSrraearnnvssicSSeeerrvviiccees
VocatVViooonccaaalttiRiooennhaaallbRRileeithhaataiobbinilliittaattiioonn
WorkWWero'osrrkCkeeorrms's'pCCeoonmmsappteioennssaattiioonn
5599
129129
441 441
575575
2323
985 985
123 123
85 85
278 278
185
185
82 82
2020
475
475
75
75
520
520
1 1 25 25
16
16
95
95
19 19
Prepared by: Cathi Balch
Source Savills Research using ESRI
FY 2021 PORTFOLIO REPORT SPC Preparedby:CathiBalch
Source Savills Research using ESRI
State Properties Commission
REAL PROPERTY REAL SOLUTIONS
FY 2021 LEASING SUMMARY
New/renegotiated leases signed
184
Annual rent of signed leases (first year) $10,297,000
Average rent per square foot
$10.78
MULTI-YEAR LEASES Multi-year leases executed Total value of leases
20 $94,368,000
Square Feet
SPC LEASE EXPIRATION SCHEDULE
900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000
0
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
All leases end of option periods
Multi Year Leases current expiration
MULTI-YEAR LEASE COST AVOIDANCE
Cost avoidance by the state year over year since gaining the MYL ability
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
$0
2015
2016
2017
2018
2019
2019
2021