WASHINGTON, DC–There are always theories about how an incoming administration will affect office demand in the District and surrounding submarkets. The usual rule is that Republicans favor defense spending, ergo Northern Virginia will be the beneficiary of that. When Democrats, with their penchant for research and development and the higher sciences, are in power it is Maryland that benefits.
Last year Newmark Grubb Knight Frank released a white paper that took on that real estate axiom to say that neither party has demonstrated a clear causal link to greater office occupancy. The report dug through 36 years of office leasing trends to come to this conclusion.
JLL now has its own theory to add to the mix, one based on comments and policy positions the Trump Administration has been staking out since assuming the office of the presidency.
It parses out how the various submarkets in DC will fare under Trump's priorities.
For example, a proposed budget increase of $54 billion for defense spending will benefit Northern Virginia and Hampton Roads.
This increase, though, would come at the expense of the State Department, the EPA and the Departments of Energy and Education. The losers in this particular round: The West End, the southern CBD, NoMa and the southwest.
WASHINGTON, DC–There are always theories about how an incoming administration will affect office demand in the District and surrounding submarkets. The usual rule is that Republicans favor defense spending, ergo Northern
Last year Newmark Grubb Knight Frank released a white paper that took on that real estate axiom to say that neither party has demonstrated a clear causal link to greater office occupancy. The report dug through 36 years of office leasing trends to come to this conclusion.
JLL now has its own theory to add to the mix, one based on comments and policy positions the Trump Administration has been staking out since assuming the office of the presidency.
It parses out how the various submarkets in DC will fare under Trump's priorities.
For example, a proposed budget increase of $54 billion for defense spending will benefit Northern
This increase, though, would come at the expense of the State Department, the EPA and the Departments of Energy and Education. The losers in this particular round: The West End, the southern CBD, NoMa and the southwest.
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