Prince George's County Retail Market Analysis

Brochures, Reports, and Special Studies

Prince George's County Retail Market Analysis

Title:

Prince George's County Retail Market Analysis

Author:

Prepared by RCLCO for The Maryland-National Capital Park and Planning Commission

Publication Date:
08/01/2015
Source of Copies:

The Maryland-National Capital Park and Planning Commission
14741 Governor Oden Bowie Drive
Upper Marlboro, MD 20772

Number of Pages:
71

The challenge for retail in Prince George’s 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 George’s 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.