Why Should You Invest in Hagerstown Commercial Real Estate?
Choosing where and how to invest in real estate can be a difficult decision, but with the right research you can feel confident that you’re making a financially beneficial investment. The city of Hagerstown, MD, is home to affordable opportunities to invest in commercial locations. With a historic downtown area and a constantly increasing population of both residents and tourists, there has never been a better time to invest in Hagerstown, MD commercial real estate. Let’s take a closer look at some of the reasons why Hagerstown is the right place for you and your commercial interests, no matter what they might be. Why Maryland?
Location, Location, Location
Everyone knows these are the three most important things to keep in mind when dealing with real estate, and Hagerstown couldn’t have a better location. Maryland as a whole is home to endless historic sites, from Civil War museums and monuments to its proximity to the White House and everything Washington, DC, has to offer. Being located within an two hours of the nation’s capital provides a safe investment that simply can’t be matched anywhere else in the country.
Intersected by three highways and with its own regional airport, Washington is a major industrial and transportation hub in the Mid-Atlantic region. Besides that, it’s within a day’s drive of two-thirds of the country’s population (as it’s halfway between Boston and Atlanta). Hagerstown was listed as one of the best small cities to travel to in 2018. Investing in Hagerstown real estate means business year-round from tourists and locals alike.
It’s Only Getting Busier
The location is excellent, and that’s a great foundation. But businesses in Hagerstown aren’t merely consistent – they’re continually growing and expanding. Maryland ranks:
- 9th among the states in the value of venture capital deals for 2015
- 4th per capita and 5th overall in Small Business Innovation Research Program (SBIR) awards for 2015.
- 3rd overall and 2nd among larger population states in the Kauffman Index of Growth Entrepreneurship.
This is all on top of the 85% of surveyed business owners expecting this year’s business to be better than last – a completely reasonable outlook to have considering that 76% reported 2016 to have been better than their previous business year. Tried and true, business is more than just steady, it’s actively increasing at exponential rates. This, of course, will come as no surprise when you realize that:
The Workforce in Hagerstown is Unmatched throughout the Nation
Of course, it’s not just enough to have a national business hub; you have to be able to staff accordingly with experienced and trusted workers, which Hagerstown absolutely has:
- Almost 60% of Washington County’s population is of working age
- Maryland boasts the best in the country for the percentage of technical and professional workers in the workplace (28%) and private sector employment dominates Hagerstown’s workforce.
- More than 3,000 businesses and 88,000 potential hires to fill positions in those businesses
There’s no business you could begin or relocate that you couldn’t staff entirely in Hagerstown. Do you remember what we mentioned about location earlier? Even if you can’t staff entirely within the county, the Hagerstown Urban Improvement Project is quickly revitalizing the downtown, making a convincing offer to potential employees from out of town to relocate.
So whether you’re just starting a business or looking to expand an existing one, there’s no reason not to invest in commercial real estate in Hagerstown, MD. With undeniable statistical business success, highly valued location advantages and top-notch quality-of-life ratings throughout the county and state, there’s never been a better county to invest in real estate – and there’s never been a better time than now. Contact AushCo today and make the easiest business decision you’ve ever made.