Takoma Park, Maryland Commercial Real Estate 1 Listing

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

Introduction

Takoma Park, Maryland is an attractive hub for commercial real estate (CRE) professionals, offering a unique blend of economic vitality, strategic location, and diverse industry presence. Known for its proximity to Washington, D.C., Takoma Park holds a significant advantage in CRE due to its vibrant economy, bolstered by healthcare, education, and public administration sectors. This city’s strategic positioning, coupled with its unique zoning and development incentives, makes Takoma Park an ideal locale for investors and developers.

Economic and Industry Overview

Takoma Park’s economy thrives on several key industries, including healthcare, education, and government services. These sectors create robust demand for various commercial property types such as office spaces, medical facilities, and retail outlets. The city benefits from regional economic development initiatives, such as those led by the Montgomery County Economic Development Corporation, which work to enhance the local business environment and attract new industries.

Strategic Location and Transportation Infrastructure

Takoma Park’s strategic location near Washington, D.C. provides unparalleled access to major transportation arteries, including Interstate 495 and U.S. Route 29. The city is well-served by public transportation, with access to the Washington Metropolitan Area Transit Authority (WMATA) rail and bus systems, making it highly accessible for commuters. The nearby Ronald Reagan Washington National Airport and Baltimore/Washington International Thurgood Marshall Airport further enhance the city’s logistical advantages, facilitating the flow of goods and services.

Commercial Real Estate Inventory & Zoning

Takoma Park’s CRE landscape is characterized by a mix of submarkets, including its Central Business District and industrial corridors. Key asset classes such as office, retail, and medical facilities are well-represented. The city has implemented notable zoning changes to encourage development, providing incentives for mixed-use and sustainable projects. Developers can explore zoning maps and parcel information through the City of Takoma Park GIS and Mapping.

Major Employers and Institutions

Takoma Park is home to several major employers including Adventist HealthCare, Washington Adventist University, and the City of Takoma Park government. These institutions drive significant demand for commercial real estate in the region. The city’s Business Directory provides further insights into local businesses and economic drivers.

Notable Commercial Developments & Projects

The city is witnessing several large-scale development projects, including mixed-use and public-private partnerships. Takoma Park is part of designated Opportunity Zones that offer tax incentives for investors. Information on planning and approved site maps can be accessed through the Takoma Park Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors interested in Takoma Park, essential resources include: - City’s Building and Safety Department - Permitting Portals - Parcel Map Viewer / GIS - Planning Commission - Development Code

Market Data & Economic Reports

Comprehensive market data and economic reports on Takoma Park can be explored through public resources like the U.S. Census Bureau and the City’s Open Data Portal. Brevitas enhances this data with AI-powered aggregation, providing real-time insights and dashboards tailored for Takoma Park here.

Why Use Brevitas for Takoma Park, Maryland CRE?

Brevitas offers cutting-edge, AI-driven CRE discovery tools specifically designed for the Takoma Park market. Benefit from: - Real-time market alerts and smart property pages - Auto-generated listing pages and dealroom collaboration - Email and landing page tools - Integration with brokers and developers - Exclusive listings and premium exposure