General Services Administration Forecasts Lean Year for Federal Leases

Source:  Business Journals

Landlords hoping to fill their buildings with large federal agencies might want to brace themselves for a significant drop in federal leasing activity. The General Services Administration is planning to issue just six prospectus-level leases in the new fiscal year that started Oct. 1, a sharp drop from 18 in fiscal 2013, and is calling for sharp reductions in the amount of space the government is seeking with most of the upcoming deals. Part of the drop deals with the cyclical nature of ...

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