Budget pressures, coupled with evolving agency needs, are driving a shift away from large, traditional office spaces. This prospect raises serious concerns for landlords, investors and the broader ...
Under new leadership, the agency has reduced the role of field offices across the country and centralized its operations, ...
Corporate executives and office brokers spent much of the last two years describing the widespread shrinking of office footprints as “rightsizing,” a euphemism that obscured the fact that most tenants ...
The General Services Administration, which manages the federal government’s nonmilitary real estate portfolio, has for over 10 years systematically and significantly reduced its office portfolio. This ...
The office space downsizing trend may be past its peak, according to a CBRE survey of 225 companies with offices in the U.S., Canada, and Latin America. Just 37% of companies plan to shrink their ...
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