If President-elect Donald Trump wants to accelerate the government`s downsizing of its office footprint to cut costs, he`ll have plenty of opportunities.
Roughly 52% of the federal government`s leased office portfolio either has lease expirations or termination options between now and the end of 2028, according to an analysis of General Services Administration data from S&P Global Ratings.
The majority of that space is from expiring leases, totaling about 59.2M SF, while another 18.5M SF has termination options...
The majority of that space is from expiring leases, totaling about 59.2M SF, while another 18.5M SF has termination options...
RSK: This will add to the office glut in DC and other cities. Also 48,000 Federal Employees have permanently signed up for remote work before Trump`s inauguration.
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- - Volume: 24 - WEEK: 51 Date: 12/17/2024 3:48:29 PM -