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.