[CPEO-IRF] DC-area office space

[Lenny Siegel <lsiegel@cpeo.org>]

Gov't Too Big? Not For D.C. Office Owners

BY JOE GOSE
INVESTOR'S BUSINESS DAILY
February 16, 2006

Office landlords in Washington, D.C., are a lot like members of
Congress. Both can virtually guarantee themselves pay raises.

Robust job creation and tenant demand have led rents steadily higher the
last couple of years. That's helped the nation's capital, long one of
the country's top office property investment markets, grow stronger.

...

Some analysts see cooler winds blowing. The Base Realignment and Closure
Act (BRAC) is expected to empty 17,000 workers from 4 million square
feet of office space, mostly in the Northern Virginia submarket. Some
experts say rents will soften as the transition starts in 2007. 

...

BRAC's not "an overly positive development," Winshall noted. "But a lot
of smart people on both the buy and sell side feel that there isn't
going to be a huge impact." 

...

For the entire article, see
http://www.investors.com/editorial/IBDArticles.asp?artsec=27&issue=20060216

-- 


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org
_______________________________________________
Installation_Reuse_Forum mailing list
Installation_Reuse_Forum@list.cpeo.org
http://www.cpeo.org/mailman/listinfo/installation_reuse_forum