At last week’s National Federal Development Association conference, Dr. Dennis Eisen presented his new Government Real Estate Index, which he bills as the “Dow Jones Index for Government Real Estate”. Dr. Eisen, one of the true…
Category: Leases
Grand Opening for Long-Delayed NOAA Facility
More than six years after ground was broken—and after a nearly two-year construction stoppage—the federal government officially opened the new NOAA Center for Weather and Climate Prediction at the University of Maryland’s M Square Research and…
Constitution Center Update
GSA now has a plan to lease all of the remaining 358,000 square feet of space at Constitution Center and distribute it among the Federal Trade Commission (FTC), National Endowment for the Arts (NEA) and National…
GSA’s 1WTC Lease Still in Limbo
While the GSA reportedly is close to finalizing a long-awaited lease at the iconic One World Trade Center (1WTC), the deal remains unsigned, despite the owners’ desire to have had the lease executed by July 4.…
Extreme Leasing: The Nation’s Most Expensive Office Lease
When we searched for the GSA’s most expensive office lease (measured in rent per square foot) we expected to find it in New York, or Boston, or maybe San Francisco or L.A., but we never expected…
GSA’s Inventory of Large Leases
This graphic is interactive, click here. (for Internet Explorer users, version 9 or above is required) Investors often ask us a variety of common questions about the market for GSA leases. They ask: “How many…
The Longer the Term, The Higher the Rent (That Doesn’t Make Sense, Does It?)
Powered by Tableau A while back we studied the national lease expirations trend and we were interested to see how the volume of expirations tends to “step” down about every five years. The big step occurs…
GSA’s Dwindling Lease Term
The government right now is, well, it’s in turmoil. That’s voiced as an opinion but it feels like actual, quantifiable fact. The United States is still fighting its way out of a deep and prolonged recession,…
Lease Expirations By Year
Powered by Tableau Any observer of the federal leasing market will agree that the pace of new leasing has slowed considerably. This is to say that there are few requirements for new space or expansions of…
GSA Leasing: State By State
Powered by Tableau The U.S. General Services Administration (GSA) leases 194 million square feet of office, industrial and special purpose space on behalf of its tenant agencies. This space is distributed among 8,800 leases throughout the…