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Old 12-14-2010, 06:14 AM
 
Location: Tennessee
33,949 posts, read 32,392,016 times
Reputation: 49901

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"How hot is the Washington, D.C. office market? Hot enough to add more than 4.2 million square feet of new leased space, from Oct. 1, 2009 through Sept. 30, 2010. With the rest of the country growing by only 1.3 million square feet in space during that period, Washington accounted for more than 75 percent of the net absorption. That’s one of the nuggets in a report by Jones Lang LaSalle. In its U.S. Federal Perspective Update, the commercial real estate company says unprecedented levels of government spending and expansion fueled the growth in leased space, with the government taking 3.5 million square feet."

Virginia Business - News: Federal government is behind a boom in new leased office space in Washington, D.C.

(That period Oct to Sept, is the federal government's fiscal year and that's why it's not January to December.) Maybe Congress will look at expansion spending of office space the next time appropriations bills are considered. Apparently, the expense being racked up is not just more employees but it makes me think the reason they need all of the new office space in DC is due to hiring of more higher graded (more expensive) employees that normally work in headquarters operations.
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Old 12-14-2010, 06:25 AM
 
2,910 posts, read 2,863,604 times
Reputation: 1047
nothing new here. When economy contrast, big government expands. They have to hire people to HELP you.

Here is another good one. When economy contrast, big government come to the rescue by raising your tax.
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Old 12-14-2010, 06:27 AM
 
Location: Londonderry, NH
41,505 posts, read 49,566,735 times
Reputation: 24548
This is a fine example of using public money for private profit. This office space should have been built for and owned by the government. Leasing it costs the taxpayer more than owing the building outright and maintaining it with government employee’s checked for citizenship before hiring. Contracting the maintenance allows the contractors to use underpaid illegal immigrants instead of US citizens.
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Old 12-14-2010, 08:05 AM
 
Location: Tennessee
33,949 posts, read 32,392,016 times
Reputation: 49901
Bet ya the DC expansion has to do with Obamacare headquarters hiring for the various agencies involved. That means higher salaried people.
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Old 12-14-2010, 09:01 AM
 
Location: Austin
28,985 posts, read 15,535,195 times
Reputation: 7726
Quote:
Originally Posted by cw30000 View Post
nothing new here. When economy contrast, big government expands. They have to hire people to HELP you.
.
No, not true. Our bloated government CHOOSES to spend money in an effort to redistribute wealth. They don't HAVE to hire people. They CHOOSE to hire people, and it's like a quick line of coke...a temporary high that you have to pay for later.
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Old 12-14-2010, 09:07 AM
 
Location: Austin
28,985 posts, read 15,535,195 times
Reputation: 7726
Quote:
Originally Posted by LauraC View Post
Bet ya the DC expansion has to do with Obamacare headquarters hiring for the various agencies involved. That means higher salaried people.
You are pretty much on track. Check this out;


"The U.S. Government is the largest employer in the United States, hiring about 2.0 percent of the nation's work force and the workforce is expanding significantly due to health care reform, in-sourcing, and many new regulatory programs. Federal government jobs can be found in every state and large metropolitan area, including overseas in over 200 countries. The average annual federal workers compensation, including pay plus benefits, now exceeds $119,982 compared to just $59,909 for the private sector according to the United States Bureau of Economic Analysis. "

Federal Jobs Net: Federal Government Jobs / Employment - ALL U.S. Government Jobs Including Post Office Jobs.
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Old 12-14-2010, 09:40 AM
 
47,316 posts, read 24,634,182 times
Reputation: 14468
Were you also angry about this "little bit" of U.S. government expansion...you know...in Baghdad? Estimated cost: over a billion dollars!!

“Embassy Baghdad” will dwarf new U.S. embassies elsewhere, projects that typically cover 10 acres. The embassy’s 104 acres is six times larger than the United Nations compound in New York, and two-thirds the acreage of Washington’s National Mall."
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