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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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