Hollywood, Maryland Commercial Real Estate 1 Listing

Hollywood, Maryland: A Premier Destination for Commercial Real Estate

Introduction

Nestled in St. Mary's County, Hollywood, Maryland, presents a unique blend of commercial real estate (CRE) opportunities, driven by its strategic location and diverse economy. While relatively small in size, this city is part of a region known for its robust aerospace and defense industries. Hollywood's proximity to major urban centers and its growing infrastructure make it an attractive destination for investors and developers seeking to capitalize on its CRE potential.

Economic and Industry Overview

Hollywood is closely tied to the broader economic landscape of St. Mary's County, which is anchored by the Patuxent River Naval Air Station, a significant driver of demand for office and industrial spaces. The presence of aerospace and defense contractors further bolsters the local economy, creating a steady demand for commercial real estate. Additionally, industries such as logistics and tech innovation are emerging, supported by regional economic development initiatives like the St. Mary's County Department of Economic Development.

Strategic Location and Transportation Infrastructure

Hollywood benefits from its strategic location with access to major transportation networks. The city is connected by Maryland Route 235, facilitating easy access to the Washington, D.C. metropolitan area. The nearby St. Mary's County Regional Airport supports business travel and cargo operations. Furthermore, its proximity to the Chesapeake Bay provides logistical advantages for maritime activities. These factors collectively enhance Hollywood's appeal as a distribution and logistics hub.

Commercial Real Estate Inventory & Zoning

Hollywood's commercial real estate market comprises several key submarkets, including industrial corridors and mixed-use developments. The region offers diverse asset classes such as industrial, office, and retail spaces, catering to the needs of different industries. Notably, recent zoning changes have introduced incentives for developers, encouraging mixed-use and commercial projects. For more detailed zoning information, visit the St. Mary's County Zoning Maps.

Major Employers and Institutions

Hollywood hosts several major employers, primarily within the aerospace and defense sectors. Notable companies include Lockheed Martin and Northrop Grumman, while the nearby Patuxent River Naval Air Station remains a central hub for employment. These institutions drive demand for office and industrial properties. For a comprehensive list of businesses, explore the St. Mary's County Business Directory.

Notable Commercial Developments & Projects

The city is witnessing several large-scale commercial developments, including mixed-use and innovation parks. These projects often involve public-private partnerships and take advantage of designated Opportunity Zones, providing tax incentives for investors. For more information on current developments, visit the St. Mary's County Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Hollywood offers a range of planning and development tools. Access the St. Mary's County Building and Safety Department for permitting portals and the Parcel Map Viewer for GIS data. Additionally, the Planning Commission provides resources and information on development codes and regulations.

Market Data & Economic Reports

Hollywood's commercial real estate market is supported by an array of public data sources. Access demographic and economic data through census.gov and explore the city's open data portal for detailed economic impact reports. Brevitas leverages AI-powered aggregation from these sources, providing comprehensive insights and dashboards to guide investment decisions in Hollywood, Maryland.