The region around the nation’s capital has been hit hard by the Trump administration, as cuts to federal contracting dollars, employees and office leases ripple through the submarket.
But one sector pertinent to the Washington, D.C., area has seen a resource boost.
The hundreds of billions of dollars the federal government is pumping into defense — combined with new security requirements and contracting efforts — is creating a booming industry for a certain type of real estate in the region: sensitive compartmented information facilities, or SCIFs.
Clune Construction Senior Vice President Conor Brandquist said his firm invested in staffing and technology in preparation for the new SCIF security requirements, which didn’t come as quickly as he thought. But the demand now seems to be here, and he sees his competitors gearing up as well.
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