Avison Young in Suburban Maryland
Avison Young opened its Suburban Maryland office within the Washington, DC Metro region in 2012 and has quickly established an impressive roster of leasing and capital markets clients as well as one of the region’s largest commercial property management portfolios, including over 10 million square feet of office, medical office, industrial, retail and multi-family residential space for lease. Through strategic acquisitions and rapid success in the local Suburban Maryland market, Avison Young has quickly grown to provide full-service solutions for tenant representation, office and industrial leasing, investment sales, capital markets, multi-family residential management and commercial property management.
|Transaction Management||Landlord Representation||Management and Advisory|
|Tenant Representation||Capital Markets||Design Management|
|Consulting and Advisory||Mortgage Services||Construction Management|
|Facility Management||Investment Sales|
|Project Management||Property Management|
|Enterprise Solutions||Investment and Asset Management|
Convenient to both Washington, DC and Baltimore, MD, this market plays an important role in the regional economy as home to countless institutions, a booming science industry and the I-270 Technology Corridor. Its strong economy is supported by many federal drivers such as the National Institutes of Health and the Internal Revenue Service, private institutions such as the world-renowned Johns Hopkins University and corporate headquarters for the likes of Marriot Hotels and Discovery Communications.
Suburban Maryland is a world leader in research and development that receives an enormous amount of private and public funding dedicated to solving tomorrow’s most challenging problems. The area’s key geographic location, highly-educated workforce and extensive list of global accomplishments make the region a top choice for businesses and commercial real estate investors.
The Suburban Maryland market includes more than 79 million square feet of office space ranging from sprawling suburban buildings to trophy urban developments. Principal drivers include life sciences and defense industries, with tenants preferring buildings with convenient access to retail and dining options. Landlords have adapted by shifting buildouts towards shared amenity space and incorporating retail or medical uses to attract the millennial worker. As a result, old guidelines are quickly becoming obsolete, requiring a new approach to deal-making informed by comprehensive data and the latest market intelligence.
Home to one of the wealthiest counties in the U.S., Suburban Maryland boasts residents with incomes which consistently surpass national averages, supporting a diverse and thriving retail market that benefits from its proximity to the nation’s capital as well as a growing population that has spurred residential development.
At over 90 million square feet, the Suburban Maryland industrial market provides critical distribution support for millions of customers in nearby Baltimore MD and Washington, D.C. In addition, global supply chains rely on the region’s multiple airports and proximity to Interstates 81, I-95 and I-70 to move goods throughout the United States, while high-tech manufacturers and researchers appreciate an educated workforce and affordable supply of institutional-quality space.
With a highly-educated workforce and reputation as a world leader in innovation, Suburban Maryland enjoys significant attention from investors due to its overall stability, long-term performance and continual investment in research and development. In addition, the presence of the federal government insulates the region from economic volatility while generating demand for private contractors near numerous mission-critical installations.