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Office Vacancy Reduced in Prince George’s County

Tue, 18 Apr 2017 20:47:14 Z

Prince George’s County office vacancy reduced by over half a million square feet leased in the last six months! Leasing of vacant space achieves over 357,000 square feet in the first quarter 2017 – the highest quarterly absorption for the last 10 years.  Recently signed leases and new leasing activity indicates that Prince George’s County […]

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NAI Michael’s Agents Present at CEG Annual Economic Empowerment Conference

Wed, 12 Apr 2017 14:35:47 Z

By Marcus Daniels and Ed Luckett The Collective Empowerment Group Economic Empowerment Conference was held on Friday, April 7, 2017  at First Baptist Church of Glenarden at 3600 Brightseat Road in Landover, Maryland. The Economic Empowerment Conference taught churches how to prepare your ministry to expand, relocate, build spaces and places for the physical houses […]

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Office Vacancy Declined in 2016 for Prince George’s County

Thu, 02 Mar 2017 19:29:55 Z

Over the course of 2016, office vacancy declined in Prince George’s County and in turn, average quoted rental rates have risen steadily.  It was a year for the Prince George’s County office market. Office vacancy declined steadily every quarter, from 19.2% at the beginning of 2016 to 18.8% by year end. Based on 5-year averages […]

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Industrial Vacancy Rates at All-time Low

Wed, 25 Jan 2017 15:46:54 Z

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 […]

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NAI Michael’s October Deals 2016

Mon, 24 Oct 2016 19:33:30 Z

Our agents have been busy making commercial real estate deals this October, from two-building office portfolios to industrial land sales. Maryland Newsletters has highlighted some of our October deals, which can be found below. Two-Building Takedown One of Greenbelt’s Biggest Leases Ever Executed An office lease that gobbled up two buildings was just completed in […]

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