Prepared by RCLCO for The Maryland-National Capital Park and Planning Commission
Subject
Prince George's County Retail Market Analysis
Publication Date
August 2015
Source of Copies
The Maryland-National Capital Park and Planning Commission 14741 Governor Oden Bowie Drive Upper Marlboro, MD 20772
Category
Brochure, Report, and Special Study
Cover page
Number of Pages
71
Abstract
The challenge for retail in Prince Georges County pertains to quality more so than quantity. On the surface, the County is not significantly over-retailed relative to the national or regional average retail square feet (SF) per person, but the average productivity (sales per square foot) of that retail space is less than in other comparable counties in the Washington-Baltimore region. New retail centers built since 2006 have demonstrated strong market absorption, but are often cannibalizing the tenants of older shopping centers which show negative net absorption during the same time period. This creates an environment where lower quality tenants can over achieve and locate in better space than they typically would occupy. Local-serving retail centers in Prince Georges County display this phenomenon most often: many community centers contain tenants that would be more appropriately located in neighborhood centers, and neighborhood centers contain tenants that would be more appropriate for unanchored convenience/in-line retail.
Price
$20.00
(All Publications will be assessed a $5.00 shipping and handling fee.)
