Have you been following the news about DOGE lease cancellations? It’s a big deal, especially for those affected by the hundreds of government leases that are being terminated. But what does it all mean? To get a better sense of what’s going on, let’s dive into some data from CompStak.
According to their research, the areas most affected by these lease terminations are Washington, D.C. and Los Angeles. In fact, nearly 20% of the terminated leases are in Washington, D.C., while California accounts for around 9% of the total, with most of those being in the Los Angeles market.
So, what does this mean for the future of government-owned properties? It’s hard to say for sure, but one thing is certain: this is a significant shift in the way DOGE is approaching lease management. And with more properties reportedly being prepped for potential sale, it’s an interesting time to be following this story.
What do you think about these changes? Do you think they’re a step in the right direction, or a cause for concern?