Montgomery Community Media

With only 2.6 new cases of COVID-19 out of 100,000 people recorded Tuesday and a test positivity rate of less than one percent, Montgomery County continues to move forward in its recovery. During a news briefing Wednesday, Executive Marc Elrich said that hiring to fill vacant county jobs is beginning again. “We are beginning to […]

Launch Workplaces are bringing one of the newest trends in business to Montgomery County. The new location is set to open on Aug. 1 in Bethesda, the third one in the county. The first opened in the fall at Rio in Gaithersburg, and the second opened July 1 in Rockville. An open house for the […]

Maryland Comptroller Peter Franchot visited Launch Workplaces, a coworking office space in Gaithersburg, as part of his Montgomery County tour on July 22. Franchot and Gaithersburg Mayor Jud Ashman visited the commercial office and had a conversation with current tenants about their experience on this new office approach. Ashman said the city is glad to have Launch […]

When looking to lease commercial real estate, you will be confronted with a variety of rent formats depending on the type of space you are trying to find.  The options include full service, industrial gross, modified gross, net of utilities or some other expense and triple net, also shown as NNN for those that typically […]

The previous edition of Edell’s Premises addressed a general timeline to complete the evaluation and possible relocation of your current office, retail, flex or warehouse facility.  There are several facets of the relocation process that you should consider as you approach the evaluation of your commercial real estate requirements. 1) Economics – What can your […]

Montgomery County’s Economic Development Director, Steve Silverman, recently addressed the Silver Spring Citizens Advisory Board and provided a realistic, if somewhat “gloomy,” description of the commercial and residential real estate market in Montgomery County. Highlights included the 14% vacancy rate in newer commercial properties (Class A), little prospect for growth in development of commercial office […]

Dealing with your expiring office, retail, warehouse or flex space lease can be a stressful and aggravating process, especially if you wait until the last 2 -3 months of the lease term to address the issue.  Ideally, a tenant should begin to evaluate their situation about 12 months prior to the lease termination date; for […]

As was discussed in the last edition of Edell’s Premises, the deals are great for office tenants looking to renew or relocate, but tenants need to make sure that your financial house is in order.  Landlords have learned from previous experiences that attracting tenants with aggressive concession packages and affordable occupancy costs does not ensure […]

Where are all the office tenants?  They are missing the party and who wants to miss a party?  At the present time the Montgomery County office space market is experiencing one of the best tenant environments in the last 20 years.  With a county wide vacancy rate of 14% for office space and an anemic […]