U.S. office vacancy rate fell to 16.6 percent in the first quarter from 16.7 in the fourth, the lowest since the third quarter of 2009
Washington D.C. remained the tightest market, with a vacancy rate of 9.3 percent. New York followed at 9.6 percent.
What happened at 6116 Executive Blvd in Rockville, MD is that the big fat Federal client moved even farther outside the beltway to new digs in Gaithersburg, Maryland (to another, newer office complex.)
New place is one of those "faux green" buildings where everything like the light switches, blinds, faucets and toilets don't work intuitively if they even work at all. They have to mow the roof so at least you can feel Eco-conscious as you flush 3 times.
Old place was close to Whole Foods and walkable to the metro(subway). New place is close to Subway(sandwich shop).
If the Washington Press wants to bemoan the old office space situation at NIH (National Institutes of Health), then they should ask about having NIH tear down the fortified walls they built around their beautiful Bethesda campus because of "9-11 terrorist threats". The old NIH used to look like a friendly college campus. Now it looks like a gated community with TSA style security theater.
http://www.reuters.com/article/2015/04/01/property-usa-offic...
U.S. office vacancy rate fell to 16.6 percent in the first quarter from 16.7 in the fourth, the lowest since the third quarter of 2009
Washington D.C. remained the tightest market, with a vacancy rate of 9.3 percent. New York followed at 9.6 percent.
What happened at 6116 Executive Blvd in Rockville, MD is that the big fat Federal client moved even farther outside the beltway to new digs in Gaithersburg, Maryland (to another, newer office complex.)
New place is one of those "faux green" buildings where everything like the light switches, blinds, faucets and toilets don't work intuitively if they even work at all. They have to mow the roof so at least you can feel Eco-conscious as you flush 3 times.
Old place was close to Whole Foods and walkable to the metro(subway). New place is close to Subway(sandwich shop).
If the Washington Press wants to bemoan the old office space situation at NIH (National Institutes of Health), then they should ask about having NIH tear down the fortified walls they built around their beautiful Bethesda campus because of "9-11 terrorist threats". The old NIH used to look like a friendly college campus. Now it looks like a gated community with TSA style security theater.
reply