DOGE Move to Slash Federal Leases Threatens Office-Market Recovery

While government-owned or -operated space represents a small portion of the overall U.S. office market, the closures are expected to have an outsize effect in cities with a notable federal-government presence.

But the government’s termination of leases this year alone would have negative impacts in the New York, Los Angeles, Atlanta, Hagerstown, Md., and Martinsburg, W.Va., regions, according to an analysis by data firm Trepp.

The District of Columbia’s office market has been one of the hardest hit in the country.

The Trump administration’s move to terminate millions of square feet of federal leases and sell government buildings threatens to weaken a fledgling recovery in the U.S. office market, from California to Washington, D.C.

Elon Musk’s Department of Government Efficiency has targeted nearly 100 leases at government agency offices for termination or consolidation.

Remainder Of The Article: Ultimate Resource Covering DOGE AKA The Department of Government Efficiency: https://dpl-surveillance-equipment.com/miscellaneous/ultimate-resource-covering-doge-aka-the-department-of-government-efficiency/