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Metropolitan DC Local Politics
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[quote=Anonymous]This was just announced, not only will a huge space be vacant, it's notable that they are exiting the lease EARLY. The conventional wisdom had been that when CRE leases and fed leases expired they would be renegotiated for a smaller footprint. This seems to accelerate that timetable. I used to work nearby and even pre-cv when newly developed it was a bit of a ghost town in that area. This does not seem to bode well, but anyone who knows more about CRE, can you give us some context? [quote]Fannie Mae to exit its D.C. headquarters lease years early The mortgage giant, whose 15-year, $770 million lease at 1100 15th St. NW was among the most rich such deals in D.C. history, first occupied Midtown Center in 2018.[/quote] [/quote]
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