GSA’s aging inventory is not a new topic on this blog; a 2017 analysis revealed frequent lease extensions and a persistent decline in new construction as primary drivers. As the pandemic persists, with associated economic jitters…
Author: Kurt Stout
Net Office Demand is Still Negative, but Recovering
Net demand for office space during this recession now totals negative 153.1 MSF, far eclipsing the negative 92.4 MSF recorded during the Global Financial Crisis a little more than a decade ago. A recent article on…
Will Remote Work Drain the Swamp?
Donald Trump’s campaign rallies leading into the 2016 election were energized by his pledge to “Drain the Swamp” in the Nation’s Capital. Little did rally-goers know how politics and circumstance would stand in the way of…
Long-Term Leased GSA Properties Are Back (for now)!
Despite a recent sharp decline in overall lease inventory, the number of long-term GSA-leased assets has come roaring back, nearly exceeding the peak of 222 achieved at the start of 2013. We examined the early stages…
GSA’s Lease Inventory Is Now Declining Even Faster
Pandemic-related occupancy concerns continue to rattle some federal-leased property owners. These jitters have been exacerbated in recent months as reports confirm that the size of GSA’s leased space inventory has declined sharply, accelerating the previous…
The Return to the Paris Agreement and What It Means for Federal Lessors
Following his inauguration ceremony on January 20th, President Biden settled into the Oval Office to execute a stack of executive orders and other actions. The third document he signed serves to return the United States to…
2021 Investor Sentiment Survey Results
Colliers recently released its U.S. 2021 Investor Sentiment Survey Results, an annual look at the mood of the investor community at the start of the New Year. Not surprisingly, more than half of all investors surveyed…
Negative Net Absorption During 2020 Pandemic Exceeds Global Financial Crisis
In a recent blog article on Colliers’ Knowledge Leader site, National Director of Office Research Stephen Newbold reveals the scale of COVID-19 pandemic-driven occupancy decline in 2020. Newbold notes that the negative net absorption that has…
Near-Record Sublease Space Indicative of Market Weakness
Colliers recently issued a profile of the Top 25 U.S. office markets, which observed that net absorption fell into negative territory for the first time in a decade and vacancy rates posted their sharpest increase over…
Long-Term Leased Assets Now More Plentiful, Yet Older
From its peak in 2013, the number of long-term GSA-leased properties declined steadily for four years before stabilizing. But only in the past year has that portion of the property inventory started to recover. This trend…