Business owners & decision makers look to take advantage of market to save on lease rates

Market Insight

By Andy Mayr, Senior Vice President, NAI Michael

It’s that time again!  You have 1, 3 or 6 months to decide whether you should do one or more of the following options:

  • renew your lease where you are
  • relocate the entire business operations to a more well-suited space/building
  • renew and expand at your current lease
  • consider purchasing instead of leasing
  • down-sizing to a smaller space
  • search the market for a better deal
  • open an secondary business location
  • sell your property and lease space instead

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Government Real Estate Specialists

Company News

The U.S. Government, through the General Services Administration, leases over 170 million square feet of commercial space in the United States. This staggering number makes them the largest single user of space in the country, and in case you havn’t heard, the government is growing. Over 64 million square feet of this space is located In DC, Maryalnd and Virginia. With such a giant presence in our region, any property owners not seeking government leases is frankly missing out.

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