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Industrial Inventory Near Purple Line Likely To Shrink

There is more than 7 million square feet of industrial and flex inventory within a one-mile radius of one of the 21 station locations of the upcoming Purple Line light-rail system in Suburban Maryland.

By Erika Morphy | erikamorphy | Updated on September 08, 2017

DC metro station

WASHINGTON, DC–Users of close-in industrial space along the the upcoming Purple Line light-rail system in Suburban Maryland may have a problem: they will likely to be shunted aside in favor of office and apartment uses. That is one conclusion to draw from JLL research on the subject. It notes that there is more than 7 million square feet of industrial and flex inventory that lies within a one-mile radius of one of the 21 station locations of the upcoming Purple Line light-rail system in Suburban Maryland and that competing land uses have already helped push rents higher, with asking rents in Northern Prince George’s County reaching $8.41 per square foot, a year-over-year increase of 6.5%.

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