Publicly traded REITs remain optimistic in the face of potential widespread cuts to federal leasing at the hands of the Department of Government Efficiency. Many of these entities rent space to the government and have large portfolios in Washington, according to a report in the Washington Business Journal.
However, they believe their leases are generally safe, according to statements they’ve made to investors in earnings calls and press releases, according to the article. That is because they serve agencies performing the work the Trump administration is prioritizing, including mission-critical agencies.
The federal government leases nearly 150 million square feet of office space across the country, including 44 million square feet leased by the General Services Administration (GSA) in Washington. Rent payments on these leases total $5.23 billion each year.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
