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Agency Department of General Services (194)
Measure Name Secure lease rates for state agencies that are below the average base rental rates reported in the Richmond Metropolitan Statistical Area (MSA).
Measure Last Modified
09-15-2023 02:20 p.m.
Measure Last Published
12-12-2025 04:30 p.m.
Status
Active
Data Source and Calculation
Base rent of all DGS-administered office leases compared to the regional market rate of the same space category
Enterprise Priorities and Strategies
Initiative Priority Strategy
Associated Service Areas
Service Area Code Service Area Name
Targets and Baselines
Name Date Result Note
Baseline 08-23-2022 7.8 The current baseline is 7.80 percent below MSA
Short Target 2025 None
Long Target 2027 None
Baseline None
Results
Year Result Note
2021
2022
2023 31.0 Achieved lease rates for state agencies that are 31 percent below the average base rental rates reported in the Richmond Metropolitan Statistical Area (MSA).
2024 12.1 Achieved lease rates for state agencies that are 12.1 percent below the average base rental rates reported in the Richmond Metropolitan Statistical Area (MSA).
2025 18.9 Achieved lease rates for state agencies that are 18.9 percent below the average base rental rates reported in the Richmond Metropolitan Statistical Area (MSA).
2026
Measure ID 194.0014
Measure Class Agency Key
Measure Type Outcome
Year Type State FY
Preferred Trend Increase
Frequency Annually
Statistical Unit Percentage
sp134 Performance Measure - 12-24-2025 18:35:51