This past week, Colliers published its “Top Office Metros Snapshot” focused on ten of the nation’s most notable office markets. All of these are among the top 20 metros occupied by GSA so we take an…
Tag: GSA
A Look at GSA Rent Growth
Portfolio investors of GSA-leased properties will be pleased to learn that GSA gross rents have, on the whole, performed reasonably well in the past ten years. GSA leases typically do not contain rent escalations–in fact, in…
Federal Leasing After The Paris Withdrawal
For those of you who have recently awakened from a coma, here is a news alert: President Trump has withdrawn the U.S. from the Paris climate change agreement. Predictably, there has been a tsunami of commentary on…
The Greying of GSA’s Leased Inventory
As illustrated in the graph above, the average age of buildings leased by GSA has hovered at or around 15 years through the 2000s. Yet, recently that figure has been trending older. The GSA leased inventory is aging.…
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.…
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…