Persons that have their own businesses, like all businesses, need a workspace from which to carry out their business activities. When faced with obtaining commercial space, business owners have the choice between buying and leasing. Since buying is often more expensive than leasing in the short term, many owners choose leasing.
State, local and federal agencies are focused at the moment on downsizing and cutting costs. They may be laying off workers or simply moving to smaller spaces, but the downsizing is leading to government agencies seeking to lease a decreased total square footage of office space, which is impacting the struggling commercial real estate market across the U.S.