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…

Both the House and Senate have been working on their respective versions of legislation designed to improve the process by which the federal government can dispose of unneeded and underutilized properties.  This legislation has bi-partisan support and it is likely that a bill will eventually be passed. Improving asset management, disposing of unneeded assets, reducing […]

In 2010, the Office of Management and Budget (OMB), the fiscal watchdog within the federal government, issued an order requiring that federal agencies consolidate data centers in order to save money and reduce redundancies. Twenty-four agencies,…

The predominant federal leasing trend since the Great Recession is that the GSA-leased space inventory is shrinking. Though this overall inventory reduction has been occurring at a relatively moderate pace, the number of long-term leased properties has fallen much more rapidly, as we’ve reported previously. The decline is because GSA is still entering into many […]

The SBA recently (September 25, 2012) issued three final rules in the Federal Register, effective October 24, that increase the size standards for some types of firms in three  North American Industry Classification System (NAICS) sectors, including…

The mission of the U.S. Securities and Exchange Commission (SEC) is to “protect investors, maintain fair, orderly and efficient markets and facilitate capital formation.”  It was created by the Securities Exchange Act of 1934 to restore investor confidence in U.S. capital markets during the Great Depression by “providing investors and the markets with more reliable […]

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…

In 1906, Vilfredo Pareto observed that 80% of Italy’s land was owned by 20% of its population. Eventually this observation was memorialized as the Pareto Principle or, more commonly, and applied to describe many phenomena, such as where 80% of a…

Pandemic-related occupancy concerns continue to rattle some federal-leased property owners. These jitters have been exacerbated in recent months as reports confirm that the size of GSA’s leased space inventory has declined sharply, accelerating the previous rate of reduction. The April 2021 GSA lease inventory now stands at 182.5 MSF, which is a 5 MSF reduction […]

In 1906, Vilfredo Pareto observed that 80% of Italy’s land was owned by 20% of its population. Eventually this observation was memorialized as the Pareto Principle or, more commonly, and applied to describe many phenomena, such as where 80% of a country’s wealth is held by 20% of its citizens, where 80% of a company’s sales come from 20% of its […]

GSA’s aging inventory is not a new topic on this blog; a 2017 analysis revealed frequent lease extensions and a persistent decline in new construction as primary drivers. As the pandemic persists, with associated economic jitters…

With over 1,000 leased facilities, often in single-tenant buildings, the Social Security Administration (SSA) is a staple of many federal investor portfolios. Like other federal agencies, however, SSA has been dutifully implementing the “Reduce the Footprint”…

The November 19 hearing, “Federal Triangle South: Redeveloping Underutilized Federal Property Through Public Private Partnerships,” began with optimistic opening remarks. Lou Barletta (R-PA), Chairman of the House Subcommittee on Economic Development, Public Buildings and Emergency Management,…

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 square feet (MSF) in the second quarter causing vacancy to rise 40 bps to 11.9%. For comparison, cumulative net […]