Reducing office portfolio over the next 10 years
Explore Public Services and Procurement Canada (PSPC)’s plan to improve the use of office space over the next 10 years.
On this page
- Overview of long-term plan
- Next steps
- Office reduction projections
- Progress reporting
- Related links
- More information
Overview of long-term plan
We developed an office portfolio long-term plan to:
- optimize the space under our responsibility
- reduce operating costs
- lower greenhouse gas emissions
Our objective is to reduce the PSPC-administered office portfolio by 50% over the next 10 years.
The Government of Canada’s shift to a hybrid work environment, combined with the Government-wide plan to apply unassigned seating as the default, permits more effective use of space.
PSPC is working with federal departments and agencies to provide them with functional office space that supports the delivery of their mandates and programs, and meets legislative and Treasury Board policy requirements.
Next steps
The 10-year plan to reduce our portfolio by 50% is bold and will require cross-government collaboration and innovation.
We have already identified ways to optimize our leased and owned space, including:
- using shareable spaces and co-locating federal departments and agencies
- accelerating the disposal of surplus assets
We are also reviewing how space is allocated and funded by PSPC to federal departments and agencies.
Office reduction projections
In 2024, we reviewed office space requirements for federal departments and agencies as part of our office portfolio long-term planning. Based on these findings, our current efforts are projected to reduce the portfolio by approximately 33%. This shows progress towards our 10-year plan. We are working closely with federal departments and agencies to find ways to bridge the gap between the current projection and our target of 50%.
National 10-year office portfolio reduction projections (rentable metres squared)
Image description
| Fiscal year (April 1 to March 31) | Remaining portfolio size (in millions rm2) | Cumulative net reduction (in millions rm2) | % Cumulative net reduction |
|---|---|---|---|
| 2024-25 | 5.85 | 0.09 | 1.5% |
| 2025-26 | 5.68 | 0.25 | 4.3% |
| 2026-27 | 5.50 | 0.44 | 7.4% |
| 2027-28 | 5.34 | 0.59 | 10.0% |
| 2028-29 | 5.11 | 0.83 | 13.9% |
| 2029-30 | 4.82 | 1.12 | 18.8% |
| 2030-31 | 4.64 | 1.30 | 21.9% |
| 2031-32 | 4.56 | 1.37 | 23.1% |
| 2032-33 | 4.32 | 1.62 | 27.3% |
| 2033-34 | 3.98 | 1.96 | 33.0% |
Progress reporting
As we move forward with our plan, we will begin public reporting to reflect the progress of departments and agencies on achieving the office portfolio reduction objectives. PSPC will ensure regional distribution is assessed and communicated and that industry stakeholders are engaged.
Related links
- Directive on the Management of Real Property
- Portfolio optimization: disposal list
- Federal properties for sale
- Federal Lands Initiative
- Canada Public Land Bank
Contact us
For more information, please contact National Portfolio Management by email at spac.siportefeuilleimmobilier-rpsbuildingportfolio.pspc@tpsgc-pwgsc.gc.ca.
Page details
- Date modified: