The federal government is driving demand for office space, according to Jones Lang LaSalle’s annual report on federal real estate procurement.
In Washington, D.C., the federal government will require more than 5 million square feet of new office space by the end of 2010. That is more than both public and private entities combined will require elsewhere in the United States.
“I’d say it would make sense for brokers to be targeting federal agencies rather than private agencies,” says Scott Homa, senior market research analyst at Jones Lang LaSalle.
Source: GlobeSt.com, Robert Carr (03/31/2010)
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