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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Was in a meeting today near the Capitol on a higher floor and the entire glass-box modern office building across the street was dead empty.

3 of the floors were empty shells ready for construction, but no activity. Of the floors that had finished office space, I saw exactly ONE PERSON in the office on that side of the building (a receptionist at the front desk for a larger office space).

It's grim. [/quote]

I wonder if this is my office bldg. 75% of the space is vacant (no tenant). In our part, very few ppl are in on any given day.[/quote]

This is interesting.  For my job, I sometimes hear presentations by RE investors and they’ve indicated that the area around capital hill is considered solid for RE because Congress is always in person and the libbyists are a ready made market that want in person offices close to the Hill.  Although I would guess those offices are often not filled with people unless Congress is in session and working on something those lobbyists care about.

The other point that the investors have made is that the “premier” buildings in each city are holding strong because the companies that want in-person space want fancy new or newly renovated buildings with great amenities.  It’s the older buildings that are really struggling and cratering.  I’m worried about our building, which is a gorgeous building over a hundred years old with original lobby work …. But I don’t think they’ve upgraded the hvac, windows or plumbing since at least 1960.  They did a cosmetic renovation about 30 years ago so it looks beautiful but is falling apart on the inside.   It would be such a shame if it goes empty and we lose that beautiful lobby and facade.  I suspect there’s probably a bunch of DC buildings in that category.  [/quote]

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