Trump 2.0: The First 100 Days | United States

GSA Current GSA Portfolio (msf)

Key Observations

• The GSA leases 173.5 msf of space, of which 149.0 msf is office space.

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• Some leases in GSA’s data show that the expiration date is in the past. These are the minority (far right on the chart) and suggest the government is still in space where it no longer has an active lease. In total this is 2.1 msf. termination options in them, however those termination dates are in the past, so this option has expired. (Second set of bars on the right.) • 55.9 msf of active leases have termination dates that differ from the expiration date, and they are in the future, meaning they are still active options. Of the 55.9 msf, 47.8 msf is in office space specifically. Only 32% of federal GSA leases have active early termination options. • The largest category, 76.1 msf, is made up of active leases, however the termination date is identical to the expiration date. • Another 39.6 msf of active leases have

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Term Date = Expr Date, Term Date in Future

Term Date = Expr Date, Term Date in Past

Term Date ≠ Expr Date, Term Date in Future

Term Date ≠ Expr Date, Term Date in Past

Office Non-Office

Source: GSA January 2025 Leasing Dataset, Cushman & Wakefield Research

CONTENTS

CONTENTS

Cushman & Wakefield