Source: The Real Deal —
A major real-estate-industry group says the federal government is setting a bad example, and hurting the overall office market, by allowing remote work and reducing its office footprint.
The Real Estate Roundtable — which is composed of ownership, development, lending and management firms along with trade associations — said in a letter that the Biden administration should make more efforts to lure federal workers back to their offices, CoStar reports.
“We are concerned that certain administration policy guidance is encouraging federal agencies to adopt permanent work-from-home policies for federal employees and thereby actually magnifying negative economic and social consequences for cities,” the letter signed by Real Estate Roundtable Chairman and Suffolk Construction CEO John Fish and the trade group’s president and CEO Jeffrey DeBoer, according to the outlet.
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