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Can you believe it? The U.S. Government Accountability Office (GAO) has revealed a startling 80% average vacancy rate across 24 federal agencies, highlighting a post-pandemic shift in the workspace environment. The GAO’s findings underscore the acute challenge of excessive, underutilized office space as telework becomes increasingly prevalent. Agencies like the Agriculture Department confront the dilemma of investing in hybrid workspace configurations without the necessary funds. Simultaneously, there’s a reluctance to downsize due to concerns over the longevity of telework trends and the implications of sharing space on agency prestige. This predicament raises crucial questions about the future of federal workspaces and the efficient use of government resources. #realestate #inflation #debt #mortgage #invest #investor #investments #interestrates
Timestamps:
What’s the Deal With Real Estate? 0:00
What the Data Shows Us 5:11
Why Commercial Real Estate is the Biggest Problem 9:14
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