Laurel Maryland Industrial Warehouse Spaces for Rent

Laurel, MD Warehouse Space for Rent.

Laurel, a thriving city in Maryland, offers an array of warehouse options for rent. These spaces cater to businesses seeking flexible and cost-effective storage and distribution solutions. Laurel's warehouse spaces feature ample square footage, loading docks, and high ceilings, accommodating a wide range of inventory and equipment. Conveniently located near major highways and transportation hubs, Laurel provides easy access to regional and national markets. With its proximity to Baltimore and Washington, D.C., Laurel offers a strategic location for businesses seeking warehouse space within the Mid-Atlantic corridor.

Benefits of Laurel's, Industrial Market.

Laurel, MD: An Industrial Market with Key Advantages

• Strategic Location: Situated just 15 miles northeast of Washington, DC, Laurel offers unparalleled access to the Greater Washington Metropolitan Area, a major economic and transportation hub.
• Transportation Infrastructure: Boasts excellent connectivity via I-95, I-295, and the Baltimore-Washington Parkway, providing seamless access to regional markets and distribution centers.
• Skilled Workforce: Home to a highly skilled labor force, with expertise in various industries, ensuring a reliable and efficient workforce for tenants.
• Competitive Rental Rates: Lowers operating costs for businesses compared to prime markets within the Washington, DC, area.
• Stable Economy: Laurel's economy is anchored by a diverse range of industries, including government, healthcare, and technology, providing a solid foundation for business growth.
• Business-Friendly Environment: Offers a favorable business climate with a supportive government that actively promotes economic development.
• Proximity to Baltimore: Just a short drive from Baltimore, providing access to major ports and international markets.
• Growing Development: Ongoing infrastructure investments and new developments are enhancing the region's attractiveness for businesses seeking modern warehouse and distribution facilities.
• Exceptional Living Conditions: Laurel offers a high quality of life with excellent schools, parks, and cultural amenities, attracting and retaining employees.
• Green Initiatives: Laurel is committed to sustainable practices, providing opportunities for businesses to operate in an environmentally conscious manner.

Why Laurel is a Great Place to Locate a Business.

Laurel, MD: An Ideal Location for Businesses

• Prime Location: Situated in the heart of the Baltimore-Washington metropolitan area, Laurel offers excellent accessibility to major transportation routes and key business hubs.
• Thriving Economy: Home to a diverse mix of industries, including healthcare, technology, and manufacturing, Laurel provides a robust and supportive business environment.
• Skilled Workforce: The area boasts a highly skilled and educated workforce, providing businesses with access to top talent.
• Abundant Warehouse Space: Laurel offers a wide selection of affordable warehouse space, catering to the storage and distribution needs of businesses of all sizes.
• Transportation Infrastructure: With easy access to major highways, rail lines, and the BWI Thurgood Marshall Airport, Laurel enables efficient and cost-effective transportation of goods and services.
• Business Incentives: The City of Laurel offers various incentives and programs to support business development, including tax credits and financing assistance.

Key Industries in Laurel.

• Aerospace and Defense: Laurel is home to several major aerospace and defense companies, including Lockheed Martin and Northrop Grumman.
• Government: Laurel is located in Prince George's County, which is home to a large number of federal and state government agencies.
• Healthcare: Laurel is home to several major hospitals and medical centers, including Laurel Regional Hospital and Holy Cross Hospital.
• Education: Laurel is home to several colleges and universities, including Howard University and the University of Maryland.
• Retail: Laurel has a variety of retail stores, including shopping malls, department stores, and specialty shops.
• Technology: Laurel is home to several technology companies, including Lockheed Martin Information Systems and Global Security (LMIS).
• Manufacturing: Laurel is home to several manufacturing companies, including Johnson Controls and Alcoa.

Demographics.

• Population: 27,994
• Median Age: 43
• Median Household Income: $114,800
• Education: 64.3% of residents have a bachelor's degree or higher.

Market Statistics.

• Vacancy Rate: 13.6%
• Average Asking Rents: $12.50/SF/YR
• Total Inventory: 15,000,000 sq. ft.