Aging facilities, changing public service needs and increased uncertainty surrounding Federal and State budgets have made a proactive real estate strategy an urgent imperative. City and county governments are facing increasing pressure from aging facilities, budget uncertainty, deferred maintenance, workforce changes and evolving community needs. Yet many municipalities lack a comprehensive strategy for managing one of their most valuable assets: their real estate portfolio. This guide explores how local governments can transform property portfolios from a cost center into a strategic asset by: Identifying underutilized buildings, land, and facilities Reducing occupancy, maintenance, and operating costs Optimizing owned and leased space Unlocking revenue through redevelopment, disposition, or partnerships Supporting economic development and community investment Improving long-term capital planning and decision-making Learn how leading cities and counties are using portfolio assessments and strategic real estate planning to improve fiscal stewardship, enhance public services, and make more informed investment decisions. Discover practical steps to build a data-driven property strategy that aligns assets with community priorities while maximizing the value of public resources.
