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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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Top 6 Commercial Office Sales and Leases in Q1 & Q2 2016

Fri, 19 Aug 2016 13:30:56 Z

Over the first half of the year, 79 office leases and 18 office building sales over 15,000 square feet have demonstrated an increase in the number of transactions in Prince George’s County. By Dave Wills The volume of sales transactions, eight of which were investment purchases, averaged $84.93 per square foot, or a total of $55,787,949. The […]

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Industrial Property Demand in Prince George’s County

Thu, 04 Aug 2016 13:30:59 Z

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 […]

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