Professional Documents
Culture Documents
Demand Analysis
Johns Hopkins University
Real Estate Market Analysis
Retail Concentration
As shown in the 2012 NAICS data, retail is the leading industry in Glen Burnie in terms of
revenue, followed only distantly by health care. It is also a leading employer.
Source: CoStar
Retail Revitalization
Route 2 (Ritchie Highway) is relatively built
out
Anne Arundel County has designated this
corridor as a Community Revitalization
District. The revitalization districts offer
flexibility of use and tax incentives to
encourage redevelopment of older and
vacant commercial areas.
Retail Supply
According to CoStar, the Route 2 Corridor
ranks 4th amongst the Baltimore retail
markets in terms of total retail space
(12,421,110SF)
Market
Baltimore County
East
17,457,169 SF
Southern Anne
Arundel County
13,301,162 SF
Baltimore City
East
13,211,959 SF
Route 2 Corridor
12,421,110 SF
Harford County
12,184,202 SF
Source: CoStar
Rite Aid
Source: CoStar
Q2- 2016
Notable Transactions
LEASE
574 Ritchie Hwy - Firehouse Subs
SALES
6711 Ritchie Hwy sold for $15M in March
2016. This transaction was a bank sale
and the centre is now being renovated
Population 2010-2014
Household 2010-2014
Breakdown of spending
Using data from the bureau of labor and statistics for the Baltimore
Metropolitan area, housing with 34.9% account for the largest portion of
spending, followed by transportation , personal insurance and pensions
and then food spending accounting for 11.4%.