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California Confronts a $2B Question: What to Do With Aging State Office Buildings in the Bay Area

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Sacramento buildings with the sun in the background
Photo by Wil Stewart on Unsplash
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New analysis shows leasing beats owning in most markets outside Sacramento, prompting reevaluation of decades-old real estate strategy California's Department of General Services is reaching a stark conclusion about its aging portfolio of state office buildings: in many markets, it would cost taxpayers less to lease commercial space than to continue owning and renovating deteriorating […]

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