> Last year, federal agencies vacated 7,315 buildings, abandoning 47 million square feet of office and warehouse space, Federal News Radio says.
So the amount of vacant space in the area tripled last year, going from 24 million SQFT to 71.5 million SQFT?
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> Another 1 million square feet of office space will flow onto the market over the next seven years, as Marriott International moves out of its Bethesda office park
Where are these companies moving to? Are they moving out of these office parks and into city centers? This article only tells half of the story.
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> With its space-hungry bureaucracies and contractors, Washington became a colossal hive of office parks, especially during years of government expansion — most recently the post-Sept. 11, 2001 period, when the military ramped up and the national-security apparatus spread along the Dulles Corridor.
> The U.S. government hasn’t signed any major leases this year, ... but it maintains 98 million square feet in the District alone (411 million if you throw in Maryland and Virginia).
Is the government portion of this solely from governmental contraction and shrinking of programs?