Hyattsville, Maryland Commercial Real Estate 0 Listings

Hyattsville, Maryland: A Premier Destination for Commercial Real Estate

Introduction

Hyattsville, Maryland, is a vibrant city that offers a diverse range of opportunities for commercial real estate (CRE) professionals. Strategically located within the Washington, D.C. metropolitan area, Hyattsville provides a unique blend of economic vitality and accessibility. The city's economy is bolstered by major industry clusters, including technology, healthcare, and retail, making it an attractive destination for CRE investment.

Economic and Industry Overview

Hyattsville's economy is driven by several key industries that fuel demand for various types of commercial properties:

Technology and Innovation: With its proximity to major tech hubs in D.C., Hyattsville attracts tech startups and established firms seeking office spaces.
Healthcare: The presence of hospitals and medical research centers increases demand for medical office buildings and related facilities.
Retail and Hospitality: A thriving retail environment supports a robust market for retail spaces and hospitality venues.

The Prince George's County Economic Development Corporation actively promotes initiatives to enhance the local economy, providing resources and incentives for businesses to thrive.

Strategic Location and Transportation Infrastructure

Hyattsville boasts excellent transportation infrastructure, making it an ideal location for businesses that rely on logistics and distribution:

Highways: Convenient access to the Capital Beltway (I-495) and US Route 1 ensures seamless connectivity to Washington, D.C., and surrounding areas.
Public Transportation: The Washington Metropolitan Area Transit Authority (WMATA) provides extensive metro and bus services, enhancing workforce mobility.
Airports: Proximity to Ronald Reagan Washington National Airport and Baltimore/Washington International Thurgood Marshall Airport facilitates national and international business travel.

These logistical advantages position Hyattsville as a prime location for businesses seeking efficient distribution channels and access to skilled labor pools.

Commercial Real Estate Inventory & Zoning

Hyattsville offers a diverse range of commercial real estate submarkets:

Central Business District (CBD): The heart of commercial activity, featuring office spaces and retail establishments.
Industrial Corridors: Areas dedicated to warehousing, manufacturing, and distribution facilities.
Innovation Districts: Zones encouraging tech and creative industries, often supported by zoning incentives.

The City of Hyattsville Zoning Maps provide detailed information on zoning classifications and overlays that benefit developers and investors.

Major Employers and Institutions

Hyattsville hosts several major employers and institutions that contribute to CRE demand:

University of Maryland: A significant driver of demand for student housing and research facilities.
Prince George's Hospital Center: A major healthcare provider impacting the demand for medical office spaces.
Federal Government Offices: Various agencies contribute to office space demand in the region.

For more information, visit the Hyattsville Economic Development page.

Notable Commercial Developments & Projects

Hyattsville is home to several significant commercial developments:

Arts District Hyattsville: A multi-phase, mixed-use project featuring retail, residential, and office spaces.
Riverfront at West Hyattsville Metro: A planned development project incorporating residential, retail, and public spaces.

These projects, supported by public-private partnerships and Opportunity Zones, drive economic growth and attract investment.

Building Permits, Planning, and Development Tools

For information on building permits and development resources, consider the following resources:

Market Data & Economic Reports

Access valuable market data and economic reports through public datasets:

Brevitas leverages AI-powered aggregation from public data and internal insights, offering users the ability to explore Brevitas-powered dashboards for Hyattsville.