Industrial Vacancy Rate Low in Prince George's County

Industrial Vacancy Rates at All-time Low

Market InsightMarket Reports
Industrial vacancy rates are at an all-time low of 6.7% in Prince George’s County.

High demand has contributed to low industrial vacancy rates. Approx. 880,000 square feet of new industrial space was delivered within the county in 2016. In addition, another 500,000 square feet is in the pipeline for 2017 delivery.

These positive trends have created a competitive Class A industrial market. Due to demand, average rental rates is at a high of $7.79 per square foot on a triple net basis. We expect rental rates to push higher in 2017 as industrial-zoned ground becomes increasingly scarce and the supply of vacant space continues to diminish.

As a result of these trends, we expect nearly all of Prince George’s County’s Class A industrial space will be absorbed within the next two years.

For additional details and transaction info, click here to view the full industrial market report.

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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[...]
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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[...]
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GBCC 19th Annual Golf Tournament
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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.[...]
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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[...]
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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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