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Federal agency shrinks headquarters in latest blow to DC office market

Pension Benefit Guaranty Corp. hands back large portion of space amid widespread area cuts
The Pension Benefit Guaranty Corp. has leased space for its headquarters at the Portals II building in Washington, D.C., for more than half a decade. (CoStar)
The Pension Benefit Guaranty Corp. has leased space for its headquarters at the Portals II building in Washington, D.C., for more than half a decade. (CoStar)
CoStar News
June 16, 2025 | 8:34 P.M.

The federal government is extending its run of aggressive cuts to its Washington, D.C.-area real estate portfolio, most recently with one agency's plan to offload nearly one-fourth of its total space.

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