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A Look at Prince George's County

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ICSC's annual Mid-Atlantic Idea Exchange is taking place next week. And for the first time, the conference is being held in Prince George's County. It has moved to the Gaylord National Hotel & Convention Center at Peterson Co.'s National Harbor project after being held at the Washington Convention Center the last few years.

The relocation to Prince George's County is notable given that the area is one of the few bright spots on the retail real estate landscape. The county has been under-retailed for years. Even with the contraction in consumer spending that has taken place more broadly, the county has room to grow. Many national retailers have yet to open stores there. Instead, residents often drive to Washington or to neighboring counties in Virginia or Maryland to do their shopping. There are several high-profile projects that will open in the coming years that will alleviate some of that demand. But local industry experts think there is more room for growth.

Here are a look at some of key statistics in the Prince George's County as well as a document from Maryland Department of Planning on Prince George's approach to smart growth.

Cushman & Wakefield has market reports that look at both the industrial market and office market in Suburban Maryland, which includes coverage of the county. NAI Michael, meanwhile, has data on those sectors as well as on the retail scene.

And here is the Smart Growth document:

SG Success PG

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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