A new analysis found that the Trump Administration’s plans to terminate federal leases and sell government buildings threatens to weaken the recovery of the U.S. office market, particularly in Washington, D.C. and other cities with a notable federal government presence. The Washington, D.C. area faces the greatest number of initial closures, with 11 leases totaling 1.4 million square feet. Lease terminations would also have negative impacts in the New York, Los Angeles, Atlanta, Hagerstown, MD, and Martinsburg, WV areas. Ohio, which has 10 federal leases, could also take a hit.
