Efforts to bring federal workers back to the office could revitalize commercial real estate in Washington, D.C., and the tri-state area. Federal buildings, many operating at less than 25% capacity, have remained empty, impacting downtown businesses and leaving prime real estate underused.
While President Joe Biden’s hybrid work mandate fell short of resolving the issue, incumbent President Donald Trump is taking decisive steps to change course. Working closely with Vivek Ramaswamy and Elon Musk, Trump aims to mandate full-time, in-office attendance for federal employees. This bold approach seeks to reduce waste, boost efficiency, and fill long-vacant office spaces.
Over the next four years, these efforts are expected to transform the commercial real estate sector. Increased occupancy and reimagined workspaces could stabilize leases, revive urban economies, and turn underused spaces into thriving hubs of activity and growth.
