In keeping with the public health theme of our last “Spotlight” piece, we’re taking a look at another of major operating component of the U.S. Department of Health and Human Services (HHS): the Food and Drug Administration (FDA). This agency is responsible for protecting the public health by assuring the safety, efficacy and security of […]
In September, the GAO issued the latest in a long series of reports concluding that GSA’s leasing strategy is flawed. This report, entitled “Greater Transparency and Strategic Focus Needed for High-Value Leases”, studied the 218 largest leases in GSA’s portfolio. Though these account for only 3% of the total number of GSA leases, they comprise more than […]
The following is an excerpt from a presentation I gave at the National Federal Development Association conference earlier this month in Washington, D.C. The presentation covered three themes: 1) The size of the federally leased property market is small; 2) It is getting smaller, and; 3) There are five factors that could return the market to future growth. This article […]
Last week, the Lipsey Company announced the results of its annual global survey, again ranking Colliers International the second-most recognized commercial real estate brand in the world. Now in its twelfth year, the Lipsey survey combines voting and focus group response to calculate the relative power of commercial real estate brands among all categories in the industry, […]
At last week’s Republican Convention the GOP platform was unveiled revealing the party’s plan to reduce the federal payroll by 10%, an effort we expect would be largely implemented through workforce reductions. This is nothing new. In fact conservatives in the legislative branch have already initiated a number of bills designed to cut both the […]
Next Tuesday, March 6, 2012, Colliers International will be hosting an informative webinar, “U.S. Commercial Real Estate: A Look Over the Horizon.” This in-depth panel discussion will feature four Colliers International market experts discussing the future of commercial real…
This week Bureau of Labor Statistics (BLS) published its employment forecasts for the decade from 2010-2020. The good news is that BLS predicts an increase of nearly 20.5 million jobs over the course of this decade, this in contrast to a decrease of nearly 3.2 million jobs in the last decade (2000-2010). Unfortunately, the Federal […]
The Colliers Government Solutions team represents owners of government-leased properties nationally. So, we travel a lot. This slideshow profiles my recent trip to Charlotte, North Carolina. (Use arrow buttons to advance slides) https://www.capitolmarkets.com/wp-content/uploads/slideshow-gallery/Queen City.jpg Charlotte is known as the “Queen City” and the crown motif can be found everywhere, even on the street signs. Charlotte was founded […]
The decision to start writing a blog is a bit like dipping your toe in the water, knowing it’s cold yet forcing yourself to jump in anyway. As it turns out, it’s not so bad once you get used to it. In fact, once you warm up to blogging it can be pretty enjoyable. When […]
Ms. Cynthia Metzler, GSA Chief Administrative Services Officer, testifies before the House Transportation and Infrastructure Committee. The House Committee on Transportation and Infrastructure held yet another GSA oversight hearing yesterday (Wednesday, August 1), titled “GSA: A Review of Agency Mismanagement and Wasteful Spending—Part 2.” Following on the tails of the April House and Senate hearings […]
The U.S. General Services Administration (GSA) has been suffering through budget cuts that have dramatically reduced funding for the construction, acquisition, renovations and even the basic maintenance of federal buildings. This has served to increase the federal government’s reliance on leased space, benefitting private-sector landlords. This article seeks to cast some light on what is […]
In true March Madness style, the GSA is hosting its Federal Building Bracket Challenge 2012, a showdown among sixteen of the most distinctive federal buildings in the United States. The challenge competes the best of the East Coast buildings with the best from rest of the nation. The mix – not surprisingly – includes substantial […]
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 many leases rent declines after the firm term due to TI deamortization. Despite this, nominal rents across GSA’s leased […]
Earlier this month, the US General Services Administration (GSA) and Department of Energy (DOE) issued a joint request for information calling on vendors to propose innovative building technologies in support of federal guidelines and goals, or, as the GSA announcement puts it, “technologies that have the potential to improve economic and environmental performance in federal and […]
