💨 Abstract

The U.S. Senate is considering the sale of about 8 million square feet of federally owned office buildings in downtown Washington, D.C. While this move aims to reduce public liabilities and generate cash, it risks harming the city's commercial real estate market. These buildings are crucial to the urban core, and treating them solely as real estate transactions could lead to missed opportunities, prolonged vacancies, or unused properties.

Courtesy: WTOP Staff