US has now canceled about one in 10 active federal commercial real estate leases

The Trump administration over the weekend further accelerated its pace of commercial real estate lease terminations for federal agencies, spreading the scrapped agreements to all 50 states.

Since Friday, the Department of Government Efficiency has added more than 500 lease terminations to its total. That`s about one in 10 active federal commercial real estate leases canceled, according to CoStar News analysis, and double what DOGE had previously publicly listed.

The fast-changing nature of the initiative shows how the administration is pushing to cut expenses and release more federal agencies from rental agreements. The canceled leases are not only hitting owners but also service providers across the country including appraisers and lenders who are busy trying to determine the impact on their markets and portfolios.

Lease terminations have now spread to all 50 states, including land reserved for American Indian tribes, and all U.S. territories except for America Samoa...