<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=178113&amp;fmt=gif">

Blog

Reducing Space Doesn’t Always Lower Rent for Federal Agencies

Posted by Donna Chaney on Jul 19, 2018

Topics: Space Reduction and Utilization, Space Transition, Federal Rent, Office rent costs

 

By Donna Chaney, Senior Consultant

In recent years, space reduction projects have become increasingly popular among federal agencies, both as a way to provide an updated and more efficient office layout (think mobility, telework, hoteling, collaborative spaces, etc.), and as a way to attract a younger generation of workers. But agencies also cite a reduction in rent costs as one of the top reasons for reducing their office space, and with good reason. In 2014, it was estimated that the federal government spends $4.2 billion in rent. But does a reduction in space always translate to a corresponding reduction in rent payments? You might be surprised by the answer.

Read More