Business Wire·Jan 7, 2026, 4:16 PM ET

COPT Defense Completes 557,000 Square Feet of Vacancy Leasing in 2025, Exceeds Revised Target

COPT Defense Properties completed 557,000 square feet of vacancy leasing in 2025, exceeding its initial target of 400,000 square feet by nearly 40%.
The Company raised its vacancy leasing targets to 450,000 square feet in July 2025 and to 500,000 square feet in October 2025 before achieving the final result.
Leasing performance surpassed the third-quarter projection by 57,000 square feet, or 11%.
Achieved leasing represented 47% of the unleased space available at the start of 2025, when the portfolio was 95.1% leased.
The 2025 total included 424,000 square feet in the Defense/IT Portfolio and 125,000 square feet in the Other segment, the latter being the highest level in over a decade.
Fourth-quarter 2025 activity included 125,000 square feet of vacancy leasing, with 116,000 square feet occurring in the Defense/IT Portfolio.
The weighted-average lease term for the completed leasing was approximately 7.5 years.
As of September 30, 2025, the Defense/IT Portfolio comprised 198 properties totaling 22.6 million square feet and was 97.0% leased.