Company News Market Insight development prince george's county residential High-End Residential Development Thriving in Maryland <p>High end residential development is thriving throughout northern Prince George’s County. New projects, representing over 2,000 units, are underway at all points in the development process. Demand is keeping pace with development. Multifamily development has been a major force along Route 1 for years, especially with the development of student housing starting in 2011. The pace of construction reflects [&#8230;]</p> <p>The post <a rel="nofollow" href="">High-End Residential Development Thriving in Maryland</a> appeared first on <a rel="nofollow" href="">NAI Michael</a>.</p> Tue, 20 Nov 2018 15:19:46 Z naimichael 2018-11-20 15:19 +00:00 2018-11-20 09:19 -06:00 Company News College Park is Development Hot Spot <p>College Park is undergoing a rapid transformation. Many new restaurants, such as Burton&#8217;s Grill at Riverdale Park Station and Vigilante Coffee, have recently opened in the College Park Route 1 corridor. Additionally, new developments are planned for the area. The Clarion Inn on Route 1 sold to Lidl for redevelopment, and Bozzuto is to begin [&#8230;]</p> <p>The post <a rel="nofollow" href="">College Park is Development Hot Spot</a> appeared first on <a rel="nofollow" href="">NAI Michael</a>.</p> Tue, 08 May 2018 13:55:53 Z naimichael 2018-05-08 13:55 +00:00 2018-05-08 08:55 -05:00 Market Reports market report market trends office office market Office Demand Picks Up in 2017 <p>Office demand in the Washington DC market picked up over the course of 2017. Lease rates increased, and recent 5-year statistics show growth and stability in the market.  Suburban Maryland&#8217;s office demand is keeping pace throughout Prince George&#8217;s County, Montgomery County, and Anne Arundel County. These markets are all offering attractive lease rates and absorption.  [&#8230;]</p> <p>The post <a rel="nofollow" href="">Office Demand Picks Up in 2017</a> appeared first on <a rel="nofollow" href="">NAI Michael</a>.</p> Tue, 27 Mar 2018 14:59:33 Z naimichael 2018-03-27 14:59 +00:00 2018-03-27 09:59 -05:00 Market Insight Market Reports industrial market trends prince george's county Industrial Demand in 2017 <p>2017 saw a variety of industrial demand levels &#8211; investment sales reached new heights, while leasing slowed for the first time in three years. The Prince George&#8217;s County industrial market experienced an increase in vacancy, going up to 7.6% as opposed to last year&#8217;s 6.5%. However, there were two large Class A leases signed in [&#8230;]</p> <p>The post <a rel="nofollow" href="">Industrial Demand in 2017</a> appeared first on <a rel="nofollow" href="">NAI Michael</a>.</p> Tue, 06 Mar 2018 15:00:39 Z naimichael 2018-03-06 15:00 +00:00 2018-03-06 09:00 -06:00 Company News Deals & Transactions industrial lease prince george's county warehouse Collington Lease to La-Z-Boy <p>The 220,800-square-foot Collington lease was Prince George&#8217;s County&#8217;s largest lease in 2017. La-Z-Boy leased 220,800 square feet of industrial space at Collington Park in Upper Marlboro, MD. This is a full-building lease. It&#8217;s the largest industrial lease completed in Prince George’s County for all of 2017. Delivered in 2016, the building is located at 16101 Queens Court. [&#8230;]</p> <p>The post <a rel="nofollow" href="">Collington Lease to La-Z-Boy</a> appeared first on <a rel="nofollow" href="">NAI Michael</a>.</p> Tue, 16 Jan 2018 16:09:52 Z naimichael 2018-01-16 16:09 +00:00 2018-01-16 10:09 -06:00 Company News D’Arcy South Sold to Developer <p>D&#8217;Arcy South, a 58-acre land parcel, recently sold to a developer for $6 million. Maryland Newsletters has provided details about the D&#8217;Arcy South transaction, which can be found below. D&#8217;Arcy South Sold for $6 Million With the prospect of several hundred townhouse lots beckoning, a developer out of Anne Arundel County bought the ‘D’Arcy’ Park [&#8230;]</p> <p>The post <a rel="nofollow" href="">D&#8217;Arcy South Sold to Developer</a> appeared first on <a rel="nofollow" href="">NAI Michael</a>.</p> Mon, 18 Dec 2017 16:38:06 Z naimichael 2017-12-18 16:38 +00:00 2017-12-18 10:38 -06:00 Deals & Transactions Market Insight Development in Prince George’s County <p>The wave is here! NAI Michael&#8217;s new newsletter highlights the latest development and changes in the Route 1 / Route 295 corridor. Before his passing in 2014, our former county executive Wayne Curry predicted that Prince George’s County was on the way up.  He saw changes in business and regulation and construction creating real opportunities [&#8230;]</p> <p>The post <a rel="nofollow" href="">Development in Prince George&#8217;s County</a> appeared first on <a rel="nofollow" href="">NAI Michael</a>.</p> Mon, 11 Dec 2017 16:02:25 Z naimichael 2017-12-11 16:02 +00:00 2017-12-11 10:02 -06:00 Market Insight Market Reports Office Vacancy Reduced in Prince George’s County <p>Prince George&#8217;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 &#8211; the highest quarterly absorption for the last 10 years.  Recently signed leases and new leasing activity indicates that Prince George&#8217;s County [&#8230;]</p> <p>The post <a rel="nofollow" href="">Office Vacancy Reduced in Prince George&#8217;s County</a> appeared first on <a rel="nofollow" href="">NAI Michael</a>.</p> Tue, 18 Apr 2017 20:47:14 Z naimichael 2017-04-18 20:47 +00:00 2017-04-18 15:47 -05:00