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Saturday, November 02, 2013

The Rent Is Too Damn High On Postal Service Facilities, Say Auditors

The Postal Service could save millions if it renegotiated leases set to expire that are above market rate, an Oct. 23 USPS inspector general report says.

The Northeast Area spends more than $184 million annually to lease more than 3,300 facilities, the report (.pdf) says. Area officials begin the lease renewal process 12 to 24 months before a lease ends by reviewing lease information provided by the Postal Service's facilities organization.

Auditors identified 1,762 of 3,389 leases in which the service is possibly paying above market rate rent.


1 comment:

Anonymous said...

I honestly thought they owned all of their facilities.