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Some federal buildings considered for sale have a utilization rate of like 25%. How long should the government keep paying for the upkeep while badly using it?
by IncreasePosts 2y ago
Some federal buildings considered for sale have a utilization rate of like 25%.
How long should the government keep paying for the upkeep while badly using it?
- deleted 2y ago[deleted]
- dataflow 2y agoDo you think the rent will be lower than whatever it's paying for upkeep? Why?
- credit_guy 2y agoI don't think the parent is saying that. I think the idea is that if you have two buildings with utilization of less than 50%, you move people in one single building and sell the other one.
- tehjoker 2y ago50% utilization is good for preventing covid spread tho just saying
- KennyBlanken 2y agoGiven the raw # of government employees hasn't grown in ~40 years, plus we have the lowest # of government employees per capita...
- nielsbot 2y agoDepends how much the upkeep is and how much rent they expect to pay for buildings that will be leased back to them at profit-making rates. Are we also assuming the government will not need that space in the future? What happens then? Paying someone to make a profit on property at the government's expense is not efficient.