Fannie Mae (FNMA)

[Robert from yahoo bd]

https://www.costar.com/article/2041487477/fannie-mae-ditches-downtown-dc-headquarters-years-before-lease-expires

"The national mortgage giant known as Fannie Mae has put its 713,500-square-foot space in the city's Midtown Center complex on market more than half a decade before its lease at 1100 15th St. NW was set to expire in June 2029, according to marketing materials and CoStar data.

It's the latest in a string of space reductions, terminations, sublease listings and closings among D.C. employers trying to adapt to the fallout of COVID-19 pandemic-related shifts such as remote and flexible-work policies. The move also reflects the struggles some major cities are having with higher office vacancies.

The listing includes Fannie Mae's entire footprint across Midtown Center, where it occupies about 306,000 square feet in the east tower and roughly 414,000 square feet in the western one. The federal government-sponsored company signed on for the space in 2015 in a $770 million agreement that, at the time, was one of the largest office deals in D.C.'s history."