Smart Space Act of 2026

This legislation directs the Administrator of General Services (GSA) to identify innovative financing strategies for federal building construction and renovation. Within 90 days, the GSA Administrator must convene consultation meetings with experts from private, federal, and state real estate sectors to explore alternative financing solutions, including public-private partnerships, aimed at reducing costs for the Federal Government.

Following these consultations, the Administrator is required to submit a report to the President and Congress within 120 days. This report will include recommendations on the best types of public-private partnerships and alternative financing methods, along with a list of specific projects suitable for these approaches. Recommended projects must serve core federal missions, facilitate consolidation or relocation from inefficient spaces, and achieve a minimum building utilization of 60 percent.

The bill emphasizes transparency, requiring the report to be publicly available and for consultation meetings to be open to the public. While the President may direct GSA to proceed with approved projects, these remain subject to future appropriations and existing GSA authorities, with accountability and performance ensured for all proposed financing methods.