WASHINGTON, DC—The US government has made clear on a number ofoccasions that it will be ruthlessly efficient in its space usageto save money. As it turns out, they meant it.
New efficiency standards have many federal tenants shedding some15% or more when they execute new leases, according toJLL. It points to the recent example of sixfederal agencies that announced plans to shift their utilizationrates. The new average space utilization across these agencies is147 RSF per person.
"In general we are seeing GSA lease prospectuses emphasizingefficiency through a number of ways, including better spaceutilization but also hoteling and telecommuting, JLL's JoeBrennan tells GlobeSt.com.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
