- Collection:
- Georgia Government Publications
- Serial:
- ... Portfolio report.
- Title:
- 2022 Portfolio report.
- Creator:
- Georgia State Properties Commission, author.
- Publisher:
- Atlanta, Georgia : State Properties Commission
- Date of Original:
- 2022
- 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_1343956279-2022
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_1343956279-2022
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
FY 2022 PORTFOLIO REPORT SPC State Properties Commission REAL PROPERTY REAL SOLUTIONS
$25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000
$0 2017
REVENUE COLLECTED VS. EXPENDITURES
2018
2019
2020
2021
Revenue Collected Expenditures
SPACE ACTION REQUESTS BY TYPE
Renegotiation 13%
Renewals 68%
New 9%
Other 1% Cancellations 9%
STATE STANDARDS FOR ADMINISTRATIVE SPACE
400 350 300 250 200 150 100 50
0 2016
2017
2018
2019
2020
2021
2022
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. FY22 $23.5M
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.
SPC's Space Management Division received and processed 508 space action requests from State agencies.
SPC tracks the square footage per employee in leased space to drive efficiency in space utilization.
State Properties' lease on behalf of the Department of Human Services allowed the Divisions of Family and Children's and Child Support Services to consolidate three offices of 68,000 square feet into a single office of 47,000 square feet to provide a more efficient and modern long term home for the agency in Marietta, Georgia.
PORTFOLIO SUMMARY
Total Buildings in Portfolio 13,942
Total Insured Value of Buildings
$39.7 billion
Total Owned and Leased Land
879,960 acres
Total Leases in Portfolio
2,278
Total Square Footage of Leases
38,304,000
AGE OF BUILDINGS
0 - 20 Years 23%
51 Years and Over 30%
21-30 years 17%
31-40 Years 17%
41-50 Years 13%
PROPERTY ACQUISITION PRICE VS. FAIR MARKET VALUE
$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
2017
2018
2019
2020
2021
2022
Total Acquisition Price
Total Average FMV
ANNUAL BOARD APPROVED ACQUISITIONS AND DISPOSITIONS
140
120
100
80
60
40
20
0
2016
2017
2018
2019
2020
2021
2022
Acquisitions
Dispositions
SQUARE FEET PER PERSON
State of Georgia | SPC State of Georgia | SPC
FFYY22F0Y02221012E2ExExeXecEcuCutUeTtEdeDdLLeELAaeSsaEesSses
LLLeeeaasaseesSeSiziSzeei(zS(eSFF)(S) F) AAgAeggnecenyncycy
L<a4n,0d0/0Tower <4,1050,010-08,000 185,,000010--1269,,090909
ABuedhitasvioral Health & CDomevmeluonpimtyeHnteaDlitshabilities CCoommmmuunnitiytySSuuppeervrvisisioionn DDefeefnesnese
3106,00001 -- 409,909090 DDrivrievreSr eSrevrivciecses
5400,,000001 -- 6928,,202000
FoFrineastnrcyinCgo&mmInvisessiotmn ent Commission
Georgia Public Defender
59
Council
129
HumHaunmSaenrvSiecrevsices JuveJundileiciJaulstice LabJourvenile Justice NatuLraabl oRresources PubNlicatDuerafel nRdeesrouCrocuenscil PubPliucbHliecaHltehalth
441
RevePnuubelic Safety SecreRteavryenoufeState Soil &TeWchatneicraCloCnoslelergveatSioynstCeommmission TechnViectaelrCaonslleSgeervSiycsetem VeterVaoncsaStieornvaicl eRehabilitation VocaWtioonrkael Rrse' hCaobmiliptaetniosantion Wor
123
23
575
985
85
278
20
475 185
75
520
1 25
16
82
95
19
FY 2022 PORTFOLIO REPORT SPC Preparedby:CathiBalch
Source Savills Research using ESRI
State Properties Commission
REAL PROPERTY REAL SOLUTIONS
FY 2022 LEASING SUMMARY
New/renegotiated leases signed
119
Annual rent of signed leases (first year) $12,747,000
Average rent per square foot
$13.12
MULTI-YEAR LEASES Multi-year leases executed Total value of leases
18 $49,292,000
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
2020
2021
2022