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Reply to "Is there going to be panic selling?"
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[quote=Anonymous]The largest employer in DC is restructuring to cut the workforce by half. The largest employer is also the largest leaseholder and also announced giving up millions of square feet of commercial space. Idk if people just have their heads in the sand because they’re used to stability in this sector or if this is some form of hyper normalization to keep things steady - but I can’t fathom how wholesale RIFs and closures doesn’t hurt the DC market. There is no other industry in this market to take the place of gov. Even GSK / pharma /life sci - which MoCo has hung their hats on - has waned and announced departures. [/quote]
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