Monday, March 28, 2011

COPT Projects Cybersecurity Growth

Corporate Office Propeties Trust (COPT), the largest office developer in and around Fort Meade, expects the defense budget for cybersecurity to grow 9% annually for the next five years. According to this story from Citybiz Real Estate, COPT recently “updated its investor presentation to address how its tenant base will be affected by the cuts, and how its recent acquisitions fit into its growth strategies.”

They also expect “up to 10 million square feet of BRAC-related demand over the next 3-5 years.”

Of course all of this is moot unless Congress can pass a budget.
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