Industrial Property Demand in Prince George's County

Industrial Property Demand in Prince George’s County

Market Reports

Prince George’s County has seen industrial property demand rise over the past few quarters. Our mid-year 2016 industrial market report examines this demand and shows growth for the county’s industrial market.

Prince George’s County’s location makes it ideal for serving the District of Columbia, suburban Maryland, and northern Virginia markets. This makes it highly attractive to storage and distribution businesses. There has been a significant increase in industrial property demand and we have seen ample new construction to meet this growing demand. Two new buildings totaling 275,000 square feet were delivered at Cabin Branch Distribution Center in 2015. We have already seen 225,000 square feet absorbed, primarily by the United States Government. Overall vacancy in Prince George’s County held at 8.1% during the first two quarters of 2016, even with the additional supply added of new buildings.

Also contributing to the industrial property demand in the county are attractive rental rates compared to the neighboring jurisdictions of the District of Columbia and northern Virginia.  While rental rates in those neighboring markets are averaging north of $9 per square foot, tenants can still lease class A product in Prince George’s County for the mid $7’s per square foot NNN.

Lance Schwarz and Peter Burleigh of NAI Michael provide the full details and numbers behind the industrial market’s first two quarters of 2016.

CLICK HERE FOR THE FULL INDUSTRIAL MARKET REPORT

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Upcoming Events

Mar
9
Thu
5:30 pm Bowie CoC After Hours Networking...
Bowie CoC After Hours Networking...
Mar 9 @ 5:30 pm – 7:30 pm
After Hours Networking Mixer Enjoy networking and munching at one of Bowie’s most popular restaurants!  Always a Fun evening! When: Thursday, March 09, 2017 5:30 PM thru 07:30 PM Where:  TJ Elliott’s Restaurant 6814 Laurel Bowie Road[...]
Mar
16
Thu
5:30 pm EDC Thirsty (For Business) Thurs...
EDC Thirsty (For Business) Thurs...
Mar 16 @ 5:30 pm – 7:00 pm
Join Team EDC for the March installment of the best networking event in Prince George’s County! Meet and Mingle with the most prominent movers and shakers in the county at the new Keller Williams Preferred Properties office located in[...]
Apr
5
Wed
5:30 pm 10th Annual Taste of Bowie / Fas...
10th Annual Taste of Bowie / Fas...
Apr 5 @ 5:30 pm – 8:30 pm
“Cheers to 10 Years”is this year’s theme for the fabulous evening of Restaurants and Fashion co-sponsored by GBCC and Soroptimist. Proceeds benefit both organizations’ scholarship funds plus GBCC’s Youth Leadership Bowie. Ticket price includes Signature[...]
Apr
21
Fri
7:30 am GBCC State of the County Breakfast
GBCC State of the County Breakfast
Apr 21 @ 7:30 am – 10:00 am
Come meet the County movers and shakers! Address by Prince George’s County Council Member Todd Turner, District 4. Breakfast provided. When: Friday, April 21, 2017 7:30 AM thru 10:00 AM Where: Comfort Inn & Conference Center[...]
Apr
28
Fri
8:00 am GBCC 19th Annual Golf Tournament
GBCC 19th Annual Golf Tournament
Apr 28 @ 8:00 am – 3:00 pm
Join us for this exciting Fundraising Event………. Registration 8:00 a.m. / Shotgun Start 9:00 a.m. Proceeds benefit the educational programs sponsored by the Chamber including Youth Leadership Bowie & the Women in Business Scholarship Fund.[...]
May
3
Wed
7:30 am Prince George’s County 2017 Stat...
Prince George’s County 2017 Stat...
May 3 @ 7:30 am – 10:30 am
The Greater Prince George’s Business Roundtable and the Prince George’s County Economic Development Corporation are pleased to invite you to join us at Prince George’s County Executive Rushern L. Baker, III’s 2017 State of the[...]
Jun
15
Thu
5:30 pm EDC Thirsty (For Business) Thurs...
EDC Thirsty (For Business) Thurs...
Jun 15 @ 5:30 pm – 7:00 pm
Join Team EDC for the June installment of the best networking event in Prince George’s County! Meet and Mingle with the most prominent movers and shakers in the county at Fishnet Restaurant in College Park, MD![...]

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