Retail Development

Overview

Centrally located in the densely populated Washington, DC Metro region, Charles County has consistently ranked among the top 20 counties in the USA for median annual household income – nearly $90,000. Part of the Southern Maryland Heritage Area, the County boasts a moderate cost of living, recreational opportunities, cultural activities, lower crime rates, diverse dining options and access to shopping, including the regional mall in St. Charles Towne Center. Charles County is well-positioned to continue to grow its retail industry to accommodate its fast-growing population The County is also within commuting distance of 1.836 million workers.

Situated along the well-trafficked US Route 301, Charles County includes many available retail spaces, with average retail lease rates which are more than 30 percent lower than less than the DC Metro average. In addition, average weekly wages are 31 percent less than Maryland’s average and 45 percent less than the DC Metro average.

Despite recent employment gains, Charles County’s retail market remains less saturated than other DC Metro area locations: A recent study commissioned by the Department shows that county shoppers spend nearly 50% of their shopping dollars outside the County. This presents an excellent opportunity for retail center investors and retailers to tap into the Charles County market.

Fast Facts and Figures

  • Charles County is one of the fastest growing counties in the state of Maryland.

  • Charles County ranks among the top 20 counties in the U.S. for median household income, with the fourth highest in the state.

  • Average Traffic Counts exceed 60,000 in Waldorf; 40,000 in La Plata; 25,000 in Bryans Road; and 13,000 in Indian Head.

  • With a diverse population from young professionals to established families, nearly 94% of residents have a high school degree, and nearly 36% hold some sort of advanced degree.

At A Glance

  • 76% homeownership rate.

  • Local, regional, and interstate traffic along US Route 301.

  • High job concentration in accommodation/food services and retail trade with 8% growth between 2010-2015.

  • Lease rates 34% lower than DC region.

  • 1.836 million workers within commuting distance.

 

Views from Charles

Charles County Contractors, Lenders, & Property Owners Can Take Advantage of Maryland PACE

Published: Tuesday, October 31, 2017

MD-PACE is an innovative and affordable way for commercial, industrial, and nonprofit building owners in Charles County to pay for energy improvements. In this blog, we highlight some of the program's advantages and discuss how contractors, lenders, and property owners in Charles County can utilize MD-PACE.

Find A Property

“Charles County is a great central location for us to have access to all of our customers. We do business with NSWC Carderock, Naval Research Laboratory, NAWCAD Patuxent River, NSWC Dahlgren, and Indian Head Naval Support Facility, to name a few.”

Scott Decker
Director of Operations

Cardinal Scientific

“We are proud to be a key part of Charles County’s future and we heartily encourage other, cutting-edge companies to join us.”

Doug Egan
Chief Executive Officer
Competitive Power Ventures

“Charles County is where we started our company and where we grew and expanded. We now operate our managed print and managed IT solutions in five states and provide custom apps all around the globe. Our headquarters is still in Charles County, an excellent place to conduct business and recruit highly skilled individuals for our ever growing team!"

Joshua Justice
President

Just Tech

 

“We are proud to be a key part of Charles County’s future and we heartily encourage other, cutting-edge companies to join us.”

Katharine Tate
 Executive Director of Provider Engagement and Community Relations

Righttime Medical Care

“Charles County is a great place for businesses to start, grow, and thrive! We've worked with over 100 businesses since we opened our doors in Charles County, and I've witnessed the majority of these businesses achieve all three.”

Darlene M. Breck

Owner

Southern Maryland Business Center

“Charles County is a great place to do business because of the passion of the business community and the residents who strive to make it the best that it can be."

Andrew W. Welburn

President

The Welburn Organization