WASHINGTON-The continuing specter of sequestration and the debate over the debt ceiling will likely cause many in government and the private sector to give pause to making large deals in the Washington D.C. and the surrounding area.
“I think the first half of 2013 looks a lot like the second half of 2012,” Greg Meyer, senior vice president at Brookfield Office Properties tells the Washington Post. He says that government stagnation would likely cause real estate executives to hit the “pause” button and delay making new deals. Meyer believes that the properties with the best design, in the best location, with the best amenities will have the advantage.
The Washington Post also listed 10 major stories to follow in the region’s commercial real estate sector. Number one on the list will be the fate of the $950-million CityCenterDC project. See story in the Washington Post.