The Federal Remote Work Shift Could Damage Office Markets Nationwide The federal government, the largest occupier of commercial office space in the U.S., is re-evaluating its post-pandemic workplace strategy in a process that could lead to reduced footprints and depressed office demand in Washington, D.C., and across the country.
President Joe Biden's administration in June directed federal agencies to draft long-term policies for their workplace and remote work strategies, and it told them to provide maximum flexibility. Several real estate professionals who work with the federal government, including two former heads of the General Services Administration's Public Buildings Service, told Bisnow they expect this… Read the full story here. |