Last August 21, federal workers in the heart of Lower Manhattan saw a terrible situation: A disturbed man with a gun entered a building in which passports were issued and immigration cases decided. He killed a…
Month: March 2016
FBI Field Office Sales Revisited
In November 2013, I published a brief analysis looking at the cap rate trend for FBI field office sales tracked from the end of the Global Financial Collapse. FBI field offices are a good subject for this…
Where the Federal Leases Are
The U.S. government leases space all across the nation–including in some pretty remote locations. Yet, the bulk of federal government tenancy can be found in just 20 markets. The map above shows the 20 largest markets for U.S.…
Renewal Rents Usually Increase
There are few investors of GSA-leased properties who have not engaged in hand-wringing over renewal rents, even when buying properties years in advance of the lease expiration date. Normally when presented with the question of whether the…