The federal government controls the largest office portfolio in the D.C. region, and its real estate arm is expected to chart a new course under President-elect Joe Biden’s administration.
Former GSA Public Buildings Commissioner Norman Dong with Lincoln Property Co.’s Elaine Clancy at a Bisnow event.
Two former commissioners of the General Service Administration’s Public Buildings Service under the Obama administration and one former GSA general counsel, all of whom now work in private sector roles that interact with the agency, came together on a Bisnow webinar Tuesday to share their predictions for the Biden administration.
One key issue for the D.C. real estate market is the idea of relocating federal agency offices away from the nation’s capital, a practice that accelerated under President Donald Trump’s administration.
In June 2019, the U.S. Department of Agriculture announced plans to relocate the Economic Research Service and the National Institute of Food and Agriculture, totaling 500 jobs, from D.C. to the Kansas City region. The following month, the Department of the Interior revealed plans to move over 300 employees from the Bureau of Land Management headquarters in D.C. to Grand Junction, Colorado.
Click here to read the rest of the article written by Jon Banister over at Bisnow
