City Presents Real Estate Data

We know as well as any the difficulty of keeping track of all the development occurring and proposed in College Park, as well as how hard it is to separate truth from fiction when it comes to the economics of real estate. That’s why we decided to post these slides, presented by the city’s economic development planner Chris Warren at the February 12th Real Estate Roundtable. They present a concise snapshot of new developments on Route 1, and the College Park Retail and Office markets. Notably they show retail space in downtown College Park commands very high rent, as the number of residents has grown but effective space remained largely unchanged. Also, vacancy rates are generally low, despite the high-profile vacancies downtown. (Paperworks and Wawa)

Route 1 Projects

Route 1 Projects

Retail
College Park Retail Market

Office
College Park Office Market

The full presentation is here.