Bowie Office Market Report Q1 2017
The Bowie Office Market, a subset of the Prince George’s County Office Market, is healthy and currently experiencing high occupancy. Additions to the City’s office space inventory and incremental reinvestment is expected as owners/investors respond to an increased demand for office space. This demand is primarily population-serving professional offices, small businesses, etc.
Approximately one-third of the total Prince George’s County Office Space is in Bowie, MD where the Vacancy Rate is significantly lower (4%) than the county’s overall vacancy rate. This is a strong indicator of the stability and attractiveness of doing business in Bowie. Additionally, the price per square foot for office space is on par with the county average. Their positive trends are a testament to the stability and growing strength of the Bowie Office Market.
Full Report prepared by Terry Rogers, Associate