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…
Tag: Kurt Stout
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…
GSA’s Progress Toward Long-Term Leasing
GSA’s effort toward execution of long-term leases has been a popular topic among investors. Going back to the earliest days of this blog, we observed that the remaining term of GSA leases was dwindling. When GSA…
U.S. Office Absorption Turns Negative for the First Time in 10 Years
In the category of not-unexpected-but-still-bad-news, Colliers issued its Q2 2020 Office Market Outlook last week reporting that U.S. office absorption turned negative for the first time in a decade. National office demand was negative 13.6 million…
The Specter of Deflation and What it Means for GSA Lessors
One well-known quirk of GSA leases is that operating cost reimbursements are not based on increases in actual costs. Rather, they are calculated on the increase in the Consumer Price Index for Urban Wage Earners and…
Can We Expect the Government Sector to Outperform? Lessons from the Last Fiscal Crisis
Kevin Warsh, a Federal Reserve governor during the Great Recession, noted in a Wall Street Journal op-ed earlier this year, “If you’ve seen one financial crisis, you’ve seen one financial crisis.” That is to say, all…
A New GAO Report Questions GSA Savings Claims
The U.S. General Services Administration (GSA) leases private property at a cost of billions of dollars—$5.7 billion annually, to be precise, spread out over more than 8,000 leases. Every year, the agency claims, it saves taxpayers…
BLM’s Proposed Reorganization Stirs Controversy
In January 2018, then–Secretary of the Interior Ryan Zinke announced a sweeping program to reorganize the department, the largest such reorganization since its founding in 1849. Zinke’s plan involved dividing the United States into thirteen regions,…