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D.C. Faces $800M Budget Shortfall As Remote Work Leaves Government Buildings Vacant

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By using cellphone data, an independent agency known as the Public Buildings Reform Board (PBRB) revealed that, on average, federal agencies only used 12% of their headquarters space in the nation’s capital last year. It’s projected that D.C. will face an $800 million budgetary deficit for the fiscal year 2025. The post D.C.

Budget 262
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New Report Shows Telework Boosted Federal Employee Morale After Years of Decline As Policies Are Under Review In Washington

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The Federal News Network reports that this improvement comes after several years of declining scores, which had previously been described as a “warning signal” for agency leaders. The report ranked federal workplaces based on size categories including large, midsize, and small agencies.

Policies 259
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OMB’s Race and Ethnicity Data Collection Update Could More Accurately Study Demographics Across the Workforce

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Office of Management and Budget’s (OMB) update to race and ethnicity data collection standards could mark a positive step forward for diversity, equity, and inclusion (DE&I) efforts in workplaces across the nation by ensuring data more accurately reflects those in the workforce.

Agencies 260
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Federal Government Cutting Millions of Square Feet in Office Space

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Costar reports that the federal government is now gearing up for another significant reduction in its office space in the nation’s capital. nationwide. The substantial reduction in federal office space further adds to the city’s challenges, as federal agencies constitute nearly 20% of its job market.

Agencies 264
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EU To Face £370M Bill If WeWork Exits London Office

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GB News reported that a document now circulated to the European Parliament’s budget committee said the U.K. However, after Brexit, the EMA decided to relocate 900 staff members to Amsterdam and sublet the office space to WeWork in 2019. While the bankruptcy filing does not directly impact WeWork’s U.K.

2023 277
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House Bill Calls for Increased Office Space Reporting, Limits on Telework

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The bill would enforce more stringent telework reporting requirements and advocates for a return to in-person work. The bill mandates that federal agencies publicly disclose their office space utilization rates in Washington, D.C., The legislation also demands detailed reports highlighting how many employees receiving D.C.

Agencies 130
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Pittsburgh Office Market Shows Signs of Recovery Four Years After COVID-19

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Despite urgent signs a month ago, the Pittsburgh office market is reported to be showing healthier in the first quarter of 2024. More specifically, in March a report published by the Pittsburgh Post Gazette , revealed that nearly 50% of the office spaces downtown could be sitting empty by 2028.

2024 246