LCD-78-329:
Published: May 25, 1978
Publicly Released: May 25, 1978
GSA has used market surveys and quality ratings to determine approximate commercial rates for individual buildings. For fiscal year (FY) 1978, GSA adopted the method of fair annual rental (FAR) rates which is based on independent appraisals of buildings. Each year, GSA reappraises one-third of its inventory, about 3,500 buildings, at an average cost of $140 per appraisal. The FAR system, plus bil