Quote:
Originally Posted by Double L
I would say that what Crawford is saying is that government jobs don't really have to be earned. Most US cities have to spend decades pulling in jobs. D.C never had to worry about that. They always had plenty of government jobs.
|
OK, but government jobs are a small percentage of jobs in the DC office market, and a negligible percentage of jobs in TOD areas (since the last round of BRAC moved them all out to high security military bases). It isn't government workers occupying those towers in Rosslyn, Ballston, or Silver Spring.
Now, if you include non-government jobs that are there because of proximity to the government, then you've got a case. Contractors like Lockheed Martin, CACI, Deloitte, they're absolutely huge tenants here.
The government is an anchor, and a stabilizer. But it's not the entire market.