UPDATE: We updated this article the day after first publishing it in order to tune up our stats. The new graph (above) tracks the percentage of leases that have less than 3 years of remaining lease term…
Category: Leases
The Pile-Up
Several times on this blog I’ve observed that GSA has been engaged in a spirited game of can-kicking when it comes to leasing. Much of this has been due to intense budget distress from record deficits, rising…
GSA Canceled State Department’s Lease Procurement. Now what?
As the Washington Business Journal reported earlier this month, GSA has canceled its efforts to replace the 343,000 RSF State Department lease at 1801 N. Lynn Street in the Rosslyn submarket of Northern Virginia. In its posting on…
Three Misleading Stats
It’s that time of year. Market reports are published, conferences held and presentations delivered. We are all talking about the market: “What happened last year?” and “What can we forecast for this next year and beyond?” Unfortunately,…
2012: Government Real Estate Year In Review
If you think the world of government real estate is a staid and boring place, think again. There is a lot going on: big transactions, important policy and outright scandal. 2012 was no exception. We published…
Feds Moving in Both Kansas Cities (Missouri and Kansas)
As we reported back in February, GSA has been planning to move about 1,000 employees from its Heartland Region Headquarters at the Bannister Federal Complex to leased space in downtown Kansas City, Mo. Earlier this month (on…
The Government Real Estate Index (and its surprising results)
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…
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.…