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208 days

How a smaller government real-estate footprint under Trump could boost cities - MarketWatch

1. Trump administration focuses on reducing the federal real estate portfolio. 2. Office building prices fell 9.3% in December from a year prior. 3. SL Green Realty sees potential in converting obsolete offices to residential. 4. Federal property dispositions achieved $710 million revenue exceeding targets. 5. Market may face prolonged evaluation of government properties' market values.

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FAQ

Why Neutral?

While federal disposition could offer opportunities, market uncertainty persists for SLG.

How important is it?

The article discusses federal real estate strategies, impacting market conditions relevant to SLG.

Why Long Term?

Potential shifts in federal real estate strategy may take years to materialize.

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