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The U.S. government is considering selling a massive portfolio of 443 Government buildings across 47 states, the District of Columbia, and Puerto Rico. This move aligns with former President Donald Trump’s initiative to reduce the federal workforce and cut government expenditures.

 The General Services Administration (GSA) published an inventory of these "non-core" assets on Tuesday, marking a significant step toward shrinking government real estate holdings.

Among the properties listed are key commercial buildings that house local and regional offices for federal agencies. These offices provide essential services to taxpayers, Social Security recipients, farmers, and workers. The total space of these structures' spans nearly 80 million rentable square feet—equivalent to 12 times the size of the Pentagon.

The GSA estimates that the sale of these properties could result in more than $430 million in annual operational savings. Trump was expected to address this initiative in a joint session of Congress later that day.

Real Estate on the Market?

While these properties have not yet been officially put up for sale, the listing signals the administration’s intent to divest government-owned real estate.

"Just because something is on the non-core list doesn’t mean it’s for sale by any means," said Michael Peters, a former investment banker appointed by Trump to lead the Public Buildings Service. "But if someone put an offer on the table, we would evaluate it."

The shift toward remote work has also reduced the need for office space, leaving many major cities with rising vacancy rates. However, converting these commercial buildings for residential use poses challenges, especially with high construction and financing costs.

Aging Government Buildings

Many of the federal buildings in question are outdated and may require extensive repairs.

"The deferred maintenance is reflected in the condition of these buildings," Peters noted during a Public Buildings Reform Board meeting in January. "You know, if you toured many of them, you wouldn’t want to be there with your dog, much less with your work environment."

About one-third of the buildings on the list are located in the Washington, D.C. metro area. However, due to the concentration of federal agency headquarters, these properties represent a disproportionate share of the total square footage.

 Agencies with properties potentially up for sale include the Departments of Agriculture, Energy, Health and Human Services, Housing and Urban Development, Labor, Justice, and Veterans Affairs.