Easterly Government Properties’ Darrell Crate and CBRE’s Marcy Owens Test explain the unique complexities and opportunities when leasing space to the U.S. government. They explore government agencies’ specialized build-out requirements, the market impacts of the federal government’s shift from ownership to strategic leasing, and other topics of interest to commercial real estate investors.
• The federal government occupies more than 2 billion sq. ft. of real estate.
• For investors, government leases can offer long-term stability and strong tenant credit.
• The shift from government ownership to leasing is creating more opportunities for investors.
• Mission-critical facilities often require specialized and costly buildouts.
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