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…
Tag: Federal Leases
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…
Top 20 Office Markets
Colliers International issued this week its Top Office Metro Snapshot, the firm’s review of the 20 largest office markets in the U.S. The bad news for the federal government is that rents are now rising in…
Public Buildings Reform and Savings Act
On February 8th, Congressman Lou Barletta introduced a new bill (H.R. 4487) known as the Public Buildings Reform and Savings Act of 2016. Some aspects of the legislation relate to the Federal Protective Service and economic development…
Doing Dispositions FASTer
When ordinary citizens find themselves with too much stuff, they have a garage or yard sale—even call in a clutter consultant, which explains why organizing maven Marie Kondo is in such high demand these days. But…
Spotlight: Secret Service
How much office and other space does the US Secret Service occupy? That turns out to be a difficult question with a simple answer: It’s secret. Its Washington headquarters, a building on H Street, looks nondescript,…
Notable Transactions of 2015
Though the federal lease inventory continued to shrink in 2015, there was plenty of action, especially in the Washington, DC area where most of the big federal tenants reside. Here is a selection of the most notable transaction activity…
Five Ways the Federally Leased Property Market Might Grow Again
The following is an excerpt from a presentation I gave at the National Federal Development Association conference last month in Washington, D.C. The presentation covered three themes: 1) The size of the federally leased property market is small; 2) It is getting…
Continued White House Efforts at Clean Energy
President Barack Obama has just returned from a United Nations conference on global climate change in Paris, where he held forth for a program of legally binding agreements to reduce carbon emissions in the atmosphere. That…