This is a reprint of an article written for Northern Virginia NAIOP in April. To view it as it appeared in print, click here. Northern Virginia houses to the second greatest concentration of federal government agencies…
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Spotlight: National Park Service
Buildings may not be the first thing brought to mind when thinking about the National Park Service (NPS). From Maine’s Acadia National Park to Volcanoes National Park in Hawaii, NPS protects approximately 84.4 million acres of…
Many Winners in Federal Building Challenge
Competitors vie for neither lucrative NBA contracts nor sizable office bracket pools in GSA’s March Madness-style Federal Building Challenge. An annual competition between sustainable buildings around the country, the contest awards the winner only bragging rights…
Spotlight: OSHA
Workplace injuries resulted in 4,383 worker deaths in 2012, the second lowest total since the census began in 1992. The leading causes, known as the “fatal four,” were falling, being struck by an object, electrocution, and…
District of Columbia Expands Benchmarking
According to the U.S. Department of Energy, commercial buildings account for nearly 50% of all building energy use and about 20% of total energy consumption and greenhouse gas emissions nationwide. New York, Seattle, Boston, and a…
Trouble Ahead With DC Real Estate Taxes
In the 2015 tax year the District of Columbia will implement a new assessment method that will substantially increase real estate taxes for most office properties. This method relies on comparable sales instead of evaluating net…
Sales Market Insights – Spring 2014
GSAXCHANGE, the investment sales arm of Colliers Government Solutions, has published its Spring 2014 “Government-Leased Assets” report, which includes an overview of sales activity and trends in the federal sector. Driven by the lack of product…
Spotlight: CBER
The sprawling Food and Drug Administration (FDA) campus in Silver Spring, Maryland, will soon be welcoming another major regulatory component of the agency: the Center for Biologics Evaluation and Research (CBER). Beginning about May 1, moving vans…
Polar Vortex Not Chilling WDC Core Office Sales
Our investment sales team was especially prolific last week, issuing two new reports on the Washington, DC area property market. The 2013 Year End Washington, DC Capital Markets Report noted that many primary and secondary markets around the…
Alternative Approaches to Funding for Federal Real Property
A recent bounce in GSA’s funds from Congress has modestly improved the agency’s ability to reduce the federal footprint and shift more toward owned space, as we discussed earlier this month. But the slight budget relief…