Matthew Cravey Featured in SIOR Report Fall 2025
Matthew Cravey, President of Cravey Real Estate Services, Inc., was featured in the SIOR Report Fall 2025 “Navigating the Future of GSA Offices”.
Matt Cravey, SIOR, president of Cravey Real Estate Services in Corpus Christi, Texas, and a 50-year CRE veteran, has been working with GSA tenants since the 1970s. He says that while landlords have always been aware of the clause, it was rarely considered a significant risk, since government agencies were unlikely to lose funding. “Everybody would sort of wink and say, ‘Have you ever seen a government program not get approved for funding? When have you seen the government do that?” Cravey said.
That perception shifted earlier this year. In February, DOGE ordered the GSA to cancel multiple leases in a building where Cravey had represented the landlord. One of those leases was for the U.S. Attorney’s Office for the Southern District of Texas in downtown Corpus Christi. “DOGE comes along and boom! They just cancelled it,” he said. However, within a week of receiving the notice from GSA, the landlord received another memo instructing them to disregard the first notice. “It was a case of ‘ready, fire, aim’”, says Cravey.
Following the incident, Cravey said his client became hesitant to consider future GSA leases, citing concerns about unpredictability and potential financial losses. “The GSA could cancel the lease in a year, and the landlord would have to absorb the cost of the buildout,” he explained. Cravey noted that this sentiment is shared by other landlords in the region.
