May
12
2015
Report Number:
SM-WP-15-002
Report Type:
White Papers
Category: Cost & Pricing
Lease Cost Saving Opportunities – Eastern Area
SM-WP-15-002 - 05/12/2015
The U.S. Postal Service spends more than $800 million each year to lease 23,000 buildings across the country. We took a closer look at the leases in the Eastern Area, one of seven postal areas. We found the Postal Service could potentially shave off $2.2 million out of $111 million in annual lease costs in that area by renegotiating 77 leases that are due to expire over the next 2 years.