• Propmodo Daily
  • Posts
  • Leaked Document Shows How Quickly DOGE Plans to Cancel Leases

Leaked Document Shows How Quickly DOGE Plans to Cancel Leases

Monday, March 17, 2025

On Tap Today

  • DOGE date: A leaked federal document reveals precisely when the government plans to terminate leases for nearly 800 buildings under the administration’s cost-saving measures.

  • Mixed-use webinar: Thursday, join JLL and Kastle experts to explore data-driven strategies for boosting profits and tenant synergy. Sign up

  • Connectivity webinar: Tips for optimizing your office with smart tech and seamless connectivity for a smooth return-to-work. Sign up

Editor’s Pick

The Department of Government Efficiency has already announced the 783 leases it plans to cancel as part of its waste reduction efforts. However, until now there was little information about when those cancellations would actually take place. A document obtained by the Associated Press shows the termination dates for hundreds of leases, which range from the end of June to the end of December. Most of them end in late August and September.

These lease terminations will affect some markets by putting more inventory on the market. There had been concern that the District of Columbia would be hit hardest by the cancellations due to its high concentration of government offices, but so far it does not appear there will be a mass exodus from the capital. The list includes only two D.C. properties: a 33,490-square-foot Federal Labor Relations Authority building and a 17,593-square-foot General Services Administration building. Although these two leases are among the largest on the list, they account for only a small fraction of the overall space slated for cancellation.

DOGE estimates that these cancellations, along with staff reductions, will result in $115 billion in savings. Critics dispute that figure, pointing out that the leases alone total closer to $500 million. In either case, the savings are far short of the administration’s $1 trillion budget-cutting target. While a significant number of former government buildings entering the market in one area could have a local impact, the cancellations so far do not appear to be concentrated enough to noticeably affect any single market—or the overall budget deficit.

Overheard

Workplace Design

Top Headlines

Podcast

Webinars

Popular Articles

Are You Enjoying This Newsletter?

Propmodo Daily is written and edited by Franco Faraudo with contributions from readers like you and the Propmodo team.

📧 Forward it to a friend and suggest they check it out.

🔗 Share a link to this post on social media.

🗣 Have ideas for future topics (or just want to say hello)? Share your feedback and tips at [email protected] or connect with us on X through @propmodo.

✅ Not subscribed yet? Sign up for this newsletter here.

📫️ Please add our newsletter email, [email protected], to your contacts to make sure you don’t miss any updates.

Enjoy reading about trends and innovation in commercial real estate? Subscribe to Propmodo.com for unrestricted access to reliable, data-driven journalism and exclusive insights available only to subscribers.