This bill requires the General Services Administration to annually report to Congress on the state of the Public Building Service's real estate portfolio for the previous calendar year. (The Public Building Service acquires, manages, and disposes of space on behalf of more than 100 federal agencies. Currently, it owns or leases 359 million square feet in more than 8,500 buildings.)

The report must include certain information about the portfolio, including the number of buildings owned, completed new construction, top customers, and the total number of leased spaces.