A Democratic Sweep Could Boost DC's Struggling Office Market

Bisnow Talks to Colliers Expert Kurt Stout

"Former Vice President Joe Biden has consistently led President Donald Trump in national and swing state polls, and FiveThirtyEight projects the Democrats are more likely to win back the Senate and control both chambers of Congress.

"A Democratic sweep in the November elections could lead to more office demand from the federal government," said Colliers Executive Vice President Kurt Stout, who leads the firm's Government Solutions group.

"If Biden wins the election and the Democrats capture both chambers of Congress, we're going to see the potential for a short-term sugar rush," Stout said. "They will move very aggressively to implement both spending and taxation legislation in that first two-year Congress, and I think the result of that could be to cause some growth in government.""

-Bisnow

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Kurt Stout

Executive Vice President

Washington, DC

Kurt Stout leads the Colliers Government Solutions national practice group, overseeing its platform services including leasing, investment sales, finance, property management and project management. He is an active member of the government real estate community and recognized as a national expert on government real estate matters, especially relating to the federal sector.

His specific area of expertise is federal leasing where he has managed complex transactions nationwide, with recent examples including representation of: Embarcadero Capital Partners in a 154,000 RSF lease for the FAA Western-Pacific Regional Office; Carr Properties in the 314,000 RSF lease restructuring and extension of the Office of Naval Research, and; The Meridian Group in a variety of GSA transactions allowing for stabilization and partial redevelopment of a 2-building, 758,000 RSF project in Washington, DC. In total, Kurt’s team has successfully completed 20 million square feet of federal leases across the United States.

Prior experience includes representation of government agencies as tenant representative. In that capacity, Kurt has led or co-led national accounts representing the US Postal Service, the Internal Revenue Service and the Federal Deposit Insurance Corporation. Additionally, he has participated in consulting projects for the U.S General Services Administration and other agencies related to portfolio planning and policy development.

Kurt served as a member of the Presidential Transition Team providing transition planning and policy development following the 2016 election.  He serves as a board member of the National Federal Development Association, he is an editorial board member of the Government Real Estate Journal and is a speaker and active participant in a variety of industry events. 

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