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Budget Year / Version:
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Program Description

  Real Estate Program

This program provides for leasing, site acquisition/disposition, space management, and site evaluation. The leasing function recommends, plans, coordinates, implements, and administers the leasing of real property for both revenue and expense leases, including closed school facilities, at the best economic and operational value to the County. Site acquisition is the purchase of property for County use and disposition is the sale or lease of surplus property. The space management function provides for the efficient and aesthetic utilization of space in County-owned and leased facilities. The site evaluation function provides technical support to site evaluation committees for Capital Improvements Program projects.

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Program Contacts

Contact Pooja Kapoor of the Department of General Services at 240-777-6028 or Alicia Singh of the Office of Management and Budget at 240-777-2780 for more information regarding this department's operating budget.

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Program Performance Measures

Program Performance MeasuresActual FY24Actual FY25Estimated FY26Target FY27Target FY28
Number of square feet of leased space managed893,118893,805895,236941,958941,958
Average amount Montgomery County pays in rent (in dollars per square foot) 1$21.91$21.75$18.84$27.02$27.83
Leased Space Needs: Internal customer survey satisfaction rating (scale of 1-4)3.153.213.233.243.25
1  FY26 projection is lower than FY25 due to two anticipated lease abatements, which are expected to conclude in FY27.
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Program Budget Changes

FY27 Recommended ChangesExpendituresFTEs
FY26 Approved11584067.00
Multi-program adjustments, including negotiated compensation changes, employee benefit changes, changes due to staff turnover, reorganizations, and other budget changes affecting multiple programs.-123105-1.00
FY27 Recommended10353016.00