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commercial real estate still recovering from post covid / work from home situation so federal government has plenty of negotiating power also with layoffs the
by PaywallBuster 2y ago
commercial real estate still recovering from post covid / work from home situation
so federal government has plenty of negotiating power
also with layoffs the space requirements may have changed and such large buildings may be excessive
- Aurornis 2y ago> commercial real estate still recovering from post covid / work from home situation > so federal government has plenty of negotiating power You have this backward. The government is trying to sell. If real estate is still recovering (aka down) then they don't have much negotiating power. Buyer's market.
- scrose 2y agoOPs point is funnily accurate if you’d like to consider a certain ‘real-estate’ person in government could stand to benefit from the buildings being sold at the lowest price (recovering market) and that same person people will likely be friends with the buyers (lots of negotiating power). They never mentioned whether it’d actually be beneficial for the government. Can’t wait for all of our federal agency buildings to be named after different members of the Trump family once they’ve changed hands! /s
- egberts1 2y agoUmmmm, that's the taxpayers' money.
- PaywallBuster 2y agoI mean negotiating power to acquire/lease new space as they'll likely relocating/downsizing :) keeping a lot of buildings cost a lot of money so even if they're sold at lower than expected prices saves money long term