Tag: gsa

Prince George’s County’s Ripe for GSA Tenancy

Market Insight

By Monique A. Walker, Associate, NAI Michael

There is a growing trend to look toward Prince George’s County, MD to house GSA contractors and Federal Agencies, as development costs as well as security and transportation logistics become central to Tenancy opportunities.  Hard to find developable areas near the Capital Beltway and on metro rail have put Prince George’s County in a class of its own, as the county has available green space, ripe for development.  In particular, the Branch Avenue metro rail and Joint Base Andrews (formerly named Andrews Air Force Base) business corridors offer endless development possibilities and great incentives for GSA Tenants who wish to be located just off a major interstate and on metro rail, and in proximity to the multi-faceted Joint Base Andrews.

Joint Base Andrews and the Branch Avenue metro-rail are approximately 1 mile apart, affording each corridor the benefit of the other. Joint Base Andrews corridor offers base-related growth and access to the Capital Beltway.  The Branch Avenue metro rail corridor, located just inside the Capital Beltway, boasts the largest east coast campus of Strayer University and offers a quick commute to the seat of government in Washington, DC, as well as several acres of developable land.  The potential for a symbiotic relationship where the expansion of duties of the Joint Base, and the attendant need for office space will connect the two corridors, has led to regional appeal.  As a result, the two corridors are being considered by highly sought after Federal Tenants.

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Government Real Estate Specialists

Company News

The U.S. Government, through the General Services Administration, leases over 170 million square feet of commercial space in the United States. This staggering number makes them the largest single user of space in the country, and in case you havn’t heard, the government is growing. Over 64 million square feet of this space is located In DC, Maryalnd and Virginia. With such a giant presence in our region, any property owners not seeking government leases is frankly missing out.

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