Kensington, Maryland: A Premier Destination for Commercial Real Estate

Introduction

Kensington, Maryland, presents an attractive opportunity for commercial real estate (CRE) investors and professionals. Situated in Montgomery County, Kensington is a small town with a robust economy driven by its strategic location near Washington, D.C. The city's diverse industry clusters, including technology, healthcare, and government services, contribute to its compelling CRE landscape.

Economic and Industry Overview

Kensington's economy is bolstered by its proximity to major government institutions and a thriving technology sector. The presence of federal agencies and contractors creates a sustained demand for office spaces. Additionally, the healthcare industry, supported by nearby medical centers and research institutions, drives the need for medical office buildings and related facilities. Montgomery County's economic development initiatives further bolster Kensington's attractiveness for industrial and retail properties.

Strategic Location and Transportation Infrastructure

Kensington benefits from a well-developed transportation network, which includes major highways like I-495 and I-270, providing seamless connectivity to Washington, D.C., and Baltimore. The city is also served by the Washington Metro's Red Line, enhancing commuter access. Proximity to Ronald Reagan Washington National Airport and Washington Dulles International Airport offers logistical advantages for businesses. Maryland Department of Transportation provides more detailed information.

Commercial Real Estate Inventory & Zoning

Kensington features diverse CRE submarkets, including the Central Business District (CBD) and industrial corridors. Key asset classes include office spaces, retail centers, and industrial properties. Notable zoning changes and incentives, such as tax credits for green buildings, foster development. The Montgomery County Zoning Map offers further insights into zoning regulations.

Major Employers and Institutions

Kensington's commercial real estate demand is supported by major employers like Holy Cross Health, NIH, and Lockheed Martin. The presence of educational institutions such as Montgomery College also contributes to the demand for commercial spaces. For more details, visit the Montgomery County Economic Development Corporation.

Notable Commercial Developments & Projects

Several large-scale development projects are underway in Kensington, including mixed-use developments and innovation parks. These projects often involve public-private partnerships and are located within designated Opportunity Zones. The Montgomery County Planning Department provides updates on these projects.

Building Permits, Planning, and Development Tools

For developers and investors, Kensington offers a range of resources: - Montgomery County Department of Permitting Services - GIS and Parcel Map Viewer - Montgomery County Planning Commission - Development Code

Market Data & Economic Reports

Kensington's market data is accessible through public datasets, including census.gov and the city's open data portal. Brevitas leverages AI-powered aggregation of public data and internal insights to offer comprehensive market analysis. Explore Brevitas-powered dashboards for Kensington commercial real estate opportunities.

Why Use Brevitas for Kensington, Maryland CRE?

Brevitas provides AI-driven CRE discovery, real-time market alerts, and smart property pages tailored for Kensington. Key features include: - Auto-generated listing pages - Email and landing page tools - Integration with brokers and developers - Exclusive listings and premium exposure

Brevitas stands as the go-to marketplace for Kensington, Maryland, offering unique tools for investors and brokers to explore commercial real estate opportunities.