By Martin Armstrong
Armstrong Economics
October 5, 2026
Imagine running a private company where most of your office buildings failed to meet even a 60% utilization target, yet you continued paying the rent, utilities, maintenance, security, repairs, and operating costs year after year. How long would that company survive ? Welcome to the federal government.
The Government Accountability Office examined the Department of Transportation's real estate portfolio and found that 89% of its 189 federally owned and leased office buildings failed to meet the government's own 60% utilization benchmark.