COPT waits out struggling market as it plots sale of office towers

COPT Defense Properties’s plan to unload the high-profile Baltimore office towers it so eagerly snapped up in a now-abandoned market strategy will have to wait. The Columbia-based real estate investment trust’s office buildings, like many in Baltimore and beyond, have been battered by a post-pandemic market riddled with office vacancies. COPT’s trophy 100 Light St., a stalwart in Baltimore’s central business district since 1975, lost $6 million in value this past year alone.