Laurel, Maryland: A Premier Destination for Commercial Real Estate

Introduction

Laurel, Maryland, offers a compelling landscape for commercial real estate (CRE) investment. Situated strategically between Washington, D.C., and Baltimore, the city serves as a pivotal hub for businesses seeking access to major urban centers. With a diverse economy that includes government, healthcare, and technology sectors, Laurel presents unique opportunities for various CRE asset classes.

Economic and Industry Overview

Laurel's economy is characterized by a mix of government, healthcare, and technology industries. The presence of significant federal institutions, such as the National Security Agency (NSA), drives demand for office and research space. The healthcare sector, bolstered by proximity to major hospitals, spurs the need for medical and office properties.

Regional economic development initiatives, like those from the Maryland Department of Commerce, have been instrumental in fostering growth, particularly in logistics and distribution, which benefit from the city's strategic location.

Strategic Location and Transportation Infrastructure

Laurel's location is one of its key assets. The city is intersected by major highways, including I-95, U.S. Route 1, and the Baltimore-Washington Parkway, facilitating seamless connectivity to Washington, D.C., and Baltimore. The area is serviced by Baltimore/Washington International Thurgood Marshall Airport (BWI) and Reagan National Airport, enhancing its appeal for logistics and distribution operations.

Public transit options, such as the MARC Train, provide access to a robust labor pool. For more information on transportation infrastructure, visit the Maryland Department of Transportation.

Commercial Real Estate Inventory & Zoning

Laurel's commercial real estate market is segmented into several submarkets, including a vibrant central business district (CBD), industrial corridors, and emerging innovation districts. Key asset classes include industrial, retail, office, and medical spaces. Notable zoning changes and incentives for developers can be explored through the City of Laurel's Planning and Zoning Division.

Developers can access comprehensive zoning maps and parcel viewers via the Laurel GIS Portal.

Major Employers and Institutions

Laurel hosts several major employers that significantly drive CRE demand. Notable entities include Fort Meade, Johns Hopkins University Applied Physics Laboratory, and the University of Maryland. These institutions contribute to a dynamic market for office and research facilities.

Additional information on major employers can be found at the Laurel Economic Development Agency.

Notable Commercial Developments & Projects

Laurel is witnessing several large-scale development projects, including mixed-use developments and innovation parks. Opportunity Zones in the area present attractive incentives for investors. Public-private partnerships are playing a crucial role in these developments.

For detailed planning maps and project approvals, visit the Laurel Planning Commission.

Building Permits, Planning, and Development Tools

Developers and investors can access a range of resources for building permits and planning:

• Laurel Building and Safety Department
• Online Permitting Portal
• Parcel Map Viewer
• Planning Commission
• Development Code

Market Data & Economic Reports

Public data sets, such as those available from Census.gov and the city’s open data portal, provide valuable insights into the local economy. Brevitas leverages AI-powered aggregation from public data and internal insights to offer comprehensive market analysis.

Explore Brevitas-powered dashboards for Laurel, Maryland, here.

Why Use Brevitas for Laurel, Maryland CRE?

Brevitas offers unparalleled tools for CRE professionals in Laurel, Maryland. Our platform provides:

• AI-driven CRE discovery
• Real-time market alerts
• Smart property pages
• Dealroom collaboration

Unique features include auto-generated listing pages, email and landing page tools, and integration with brokers and developers. Brevitas also offers exclusive listings and premium exposure for your properties.

Start exploring Laurel, Maryland commercial real estate opportunities with Brevitas.