The ObamaCare Real Estate Boom
Allbiz - PWCM - JLA
2011/02/18 03:54:32
Investor's Business Daily reports
that due to ObamaCare, Health and Human Services is on track to become
"the first $1 trillion federal agency." This expansion of government
leads to new hiring (e.g., 650 new employees to work in the
Medicare/Medicaid Center for Consumer Information and Insurance
Oversight), and these new federal employees need desks and cubicles.
Thus it's not surprising to read in the Montgomery County Gazette:
that due to ObamaCare, Health and Human Services is on track to become
"the first $1 trillion federal agency." This expansion of government
leads to new hiring (e.g., 650 new employees to work in the
Medicare/Medicaid Center for Consumer Information and Insurance
Oversight), and these new federal employees need desks and cubicles.
Thus it's not surprising to read in the Montgomery County Gazette:
The
federal government proved the savior for commercial real estate in the
Maryland suburbs of Washington, D.C., last year and 2011 is shaping up
the same way. That was the good news at a conference Wednesday on
General Services Administration leasing...The GSA [is looking] for about
1.5 million square feet just for Health and Human Services agencies.
For
comparison, the tallest building in Boston, the 60-story John Hancock
tower, has 1.7 million square feet of office space. It's no wonder that
Montgomery County and the other suburbs that ring the Leviathan of
federal government are the wealthiest in the country.
comparison, the tallest building in Boston, the 60-story John Hancock
tower, has 1.7 million square feet of office space. It's no wonder that
Montgomery County and the other suburbs that ring the Leviathan of
federal government are the wealthiest in the country.
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- keeper 2011/02/18 03:59:01
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