Defense contractors delay decisions
All of Northern Virginia is feeling the effect of worried government contractors delaying decisions about committing to new leases and making do with less. Space-saving strategies such as shared work areas instead of private offices, and “hoteling,” in which employees have to reserve work seats, are becoming the new norm in government and the private sector.
“The general demand vectors are not positive,” says Bill Quinby, executive vice president and co-regional manager for Studley, a firm that specializes in tenant services. “They suggest less need for office space going forward.”
Sequestration and government slow NoVa’s market
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