College Park, Maryland: A Premier Destination for Commercial Real Estate

Introduction

College Park, Maryland, is a vibrant city known for its robust commercial real estate opportunities. With a population of approximately 32,000, the city boasts a diverse economy driven by education, technology, and research sectors. The presence of the University of Maryland significantly contributes to its dynamic economic landscape, making College Park a strategic location for businesses and investors seeking growth and innovation in commercial real estate.

Economic and Industry Overview

College Park's economy is heavily influenced by major industries such as education, technology, and research. The University of Maryland is a key player, fostering innovation and attracting businesses in biotech, aerospace, and IT. This diverse industry mix drives demand across various commercial property types, including office spaces for tech startups and research centers, industrial facilities for manufacturing, and retail spaces for service providers.

The Prince George’s County Economic Development Corporation actively supports economic growth through various initiatives, enhancing the city's appeal for commercial real estate investment.

Strategic Location and Transportation Infrastructure

College Park is strategically located with excellent transportation infrastructure. It is accessible via major highways such as Interstate 95 and the Capital Beltway (I-495), providing seamless connectivity to Washington D.C. and Baltimore. The city is served by the College Park Airport, one of the oldest continuously operating airports in the world, and is well-connected by public transit, including the Washington Metro's Green Line.

These logistical advantages make College Park an attractive hub for distribution and access to a skilled labor pool. For more information, visit the Maryland Department of Transportation.

Commercial Real Estate Inventory & Zoning

College Park offers a diverse range of commercial real estate submarkets, including the Central Business District (CBD), industrial corridors, and emerging innovation districts. Key asset classes include industrial, retail, and office spaces, as well as commercial-grade multifamily units.

Recent zoning adjustments and incentives aim to encourage development, particularly in designated Opportunity Zones. For detailed zoning maps and planning information, explore the City of College Park's Planning Department.

Major Employers and Institutions

College Park is home to significant employers such as the University of Maryland, which functions as a major research center and innovation hub. Other notable institutions include the National Archives at College Park and the FDA Center for Food Safety and Applied Nutrition.

For a comprehensive list of major employers, visit the Prince George's County Business Directory.

Notable Commercial Developments & Projects

The city is witnessing several large-scale developments, including mixed-use projects and innovation parks. The Discovery District, a public-private partnership, is a prime example, offering a blend of office, research, and retail spaces.

To explore approved site maps and ongoing projects, refer to the College Park Planning Department.

Building Permits, Planning, and Development Tools

For building permits and development resources, use the following links:

• City’s Building and Safety Department
• Permitting Portals
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Access public data sets and economic reports from sources like census.gov and the city's open data portal. Brevitas leverages AI-powered aggregation from public data and internal insights, offering users a comprehensive market view. Explore Brevitas-powered dashboards for College Park here.

Why Use Brevitas for College Park, Maryland CRE?

Brevitas offers AI-driven CRE discovery, real-time market alerts, smart property pages, and dealroom collaboration. Unique features include:

• Auto-generated listing pages
• Email and landing page tools
• Integration with brokers and developers
• Exclusive listings and premium exposure

Brevitas positions itself as the go-to marketplace for College Park commercial real estate, ensuring users have access to the most relevant and up-to-date information.