Cybersecurity is a budding industry in Maryland, but is already starting to move the needle
Whether you operate or own a supermarket, a retail chain, an educational institution or hotel, keeping a tight rein on facilities management processes and cost is important for the bottom line. Your decisions such as whether to repair or replace equipment can be time-consuming and costly without insights such as usage and repair history and costs.
With key federal government HQ’s in Maryland, including the National Institute of Standards and Technology (NIST) in Montgomery County and the National Security Agency (NSA) in Anne Arundel County, and the surrounding pool of talent employed by major government contractors, cybersecurity (cyber) has long grabbed headlines in the state.
As the cyber industry has matured in Maryland, the pace of leasing from cyber office tenants has accelerated. Over the past five years, cyber-focused office leasing activity in the state has topped 1.2 million s.f., compared to 440,000 s.f. in the five years prior (2009-2013).
Source: JLL Research