A group of CRE firms including the top office owners and operators in Washington DC signed a letter sent this week to DC’s new chief financial officer warning that collapsing office property values are a threat to the fiscal health of the city.

The letter, sent by FederalCity Council, a civic organization headed by former DC Mayor Anthony Williams, told DC CFO Glen Lee that the deterioration of the DC office market is “a very troubling situation” that likely will severely impact the fiscal health of the city.

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Jack Rogers

 

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