Real Estate

Recent Tour Highlights 3 Reasons Why Frederick Remains an Attractive Location for Business



Commercial real estate professionals from Frederick and beyond attended the 2016 Taste of Downtown Frederick Property Tour on October 20, 2016. Participants had the opportunity to tour Downtown Frederick and learn more about available office and retail properties, major City projects, and available programs to encourage rehabilitation within Downtown Frederick. The tour departed from City Hall and included a walking tour of Carroll Creek and the Downtown Frederick commercial district. Along the way, guests enjoyed sips and samples from a several of Frederick's culinary destinations.

The commercial broker community serves as a vital economic development partner.  Brokers actively market Frederick as a business destination and often serve as the first point of contact in the Frederick community for prospective businesses.

3 Reasons Why Frederick Remains an Attractive Location for Business
  • Quality of Life and Location - Frederick is a desirable location for residents and businesses to locate.  Businesses locating in Downtown Frederick can enjoy funky and fun office spaces with exposed brick and original charm, while being a part of a vibrant and strategically located metropolitan area.  Here are a few highlights:
    • Two-thirds of the U.S. population is within a day's drive
    • Within 50 miles of 3 international airports 
    • Close proximity to federal agencies 
    • Top 10 Best Downtowns (Livability.com, 2014) 
    • Well-educated - Nearly 40% of residents hold a Bachelor's degree or higher 
    • Award-winning public education system. All high schools rank in the top 10% National Challenge Index.
  • Programs to encourage investment - Participants learned about the available tax credit and grant programs available to property owners and businesses to encourage investment and rehabilitation in Downtown Frederick, including:  
    • Facade improvement grant - In partnership with the Downtown Frederick Partnership and the Maryland Department of Housing and Community Development, eligible businesses may receive a 1:1 match on qualified exterior facade improvements. This program is also available along the Golden Mile and in the East Frederick area. 
    • Business personal property tax phase-out - In 2015, The City of Frederick adopted a 10-year phase-out of the business personal property tax. Additionally, manufacturers that have acquired new business personal property after January 1, 2015 may be eligible for a 100% tax credit.
    • Vacant commercial rehabilitative tax credit - The credit encourages properties to be rehabilitated and placed back into active use. All commercial properties that have been vacant and marketed for at least 18 of the last 24 months prior to the start of rehabilitation are eligible for the tax credit. This rehabilitative tax credit can be claimed for 7 years.
    • Historic preservation tax credits - Properties located within the Historic District may be eligible for tax credits on both City and County real property taxes.
  • Business infrastructure - The City of Frederick remains committed to making investments in public infrastructure that are necessary to attract and retain private investment and business growth. Recent projects highlighted on the tour included:
    • Carroll Creek Park - The multi-modal urban park project was completed in May 2016 (Phase II) and is expected to attract over $150 million in new private construction, hundreds of new jobs, and increased tax revenue.
    • Downtown Frederick Hotel & Conference Center - The Marriott hotel will feature 207 rooms and 24,000 SF of meeting space and will serve as an anchor along Carroll Creek.  The $84 million project will create 280 jobs (110 direct) and $26 million in annual economic impact.
    • Wastewater Treatment Plan Upgrades - The plant upgrades ensure compliance with recent EPA mandates and will reduce nitrogen and phosphorus discharges to the Chesapeake Bay.  This $51 million project (Phase II) will be completed by January 2017.
The Taste of Downtown Frederick Property Tour was organized by the City of Frederick Department of Economic Development in partnership with Downtown Frederick Partnership and the Frederick County Office of Economic Development.  The event was made possible with support from our sponsors:





Looking For a New Business Space?
The Department of Economic Development (DED) provides no cost business location services, including access to the CoStar commercial property database. 


Connect with DED via Facebook, Twitter, or email to expand your business location search.

Broker Tour Showcases Frederick as a Most Valuable Place

Nearly 50 commercial real estate professionals attended the 2015 Commercial Realtor Bus Tour on November 5, 2015.  The sports-themed tour showcased Frederick, Maryland as the "Most Valuable Place" for locating a business and offered a glimpse at the various office and retail opportunities available in Frederick County. Commercial brokers from both the Frederick market and the Washington metropolitan area were in attendance.  

The commercial broker community serves as a vital economic development partner.  Brokers actively market Frederick as a business destination and often serve as the first point of contact in the Frederick community for prospective businesses.  In addition to highlighting available real estate spaces, the tour offered the opportunity for City and County economic development staff to highlight redevelopment opportunities and public infrastructure investments. 


City of Frederick Economic Development Director Richard Griffin highlighted several commercial corridors within the City including Downtown Frederick, Riverside Research Park, Thomas Johnson Drive, and the Golden Mile.

The day kicked off at the Frederick Visitor Center. Opening remarks were made by Frederick County Executive Jan Gardner, City of Frederick Mayor Randy McClement, County Director of Economic Development Helen Propheter, and Tourism Council Executive Director John Fieseler. 
The event was organized by the Frederick County Office of Economic Development and sponsored by Avison Young, Matan, Jefferson Place, St. John Properties, Rockpoint Commercial, CIM, Frederick Indoor Sports Center, Frederick Land Company, and Hill Management.

Looking For a New Business Space?

The Department of Economic Development (DED) provides no cost business location services, including access to the CoStar commercial property database. Connect with DED via Facebook, Twitter, or email to expand your business location search.


Team Frederick - Economic development partners from across the county worked together to showcase Frederick as the Most Valuable Place.  Pictured above, from left to right, is Jodie Bollinger, Helen Propheter, Bobby Baumler, Michelle Kershner, John Fieseler, Richard Griffin, and Becky Bickerton. 




How to Market Your Retail or Office Space to Potential Tenants

An Introduction to Online Business Location Search

Whether a start-up or a business simply looking for new space, online property search tools are vital to finding a new business location.  Commercial brokers assist their clients and utilize online database services to locate potential business locations. 

For individual property owners interested in leasing space directly, it is important to also include your property listing in online commercial property databases.  Both CoStar and LoopNet are popular services and enable both commercial brokers and individuals to search for available business locations.  As a property owner, you may include your listing in both services at no charge for a basic listing.  Property listings can include details including a space description, square footage, photographs, and pricing.  Follow the instructions below to ensure your listing is viewable to your potential tenants and always feel free to contact the Department of Economic Development for additional resources.

How to add your listing to LoopNet

1. Add a Listing / Create an Account - Begin your listing by accessing LoopNet's website.  Next, select "Add a lease listing".  You will also be prompted to open an account and provide your name, an email address, and to create a password.

2. Add Your Property - This is your opportunity to include the important information prospective tenants are looking for, including the space size, price, pictures, and a complete property description.


3. Select Your Listing Type - Continue with a complimentary standard listing or select a premium listing. 

4. Track Your Listings - Once your property listing is live, you can monitor the listing and make any changes/updates in real-time.


How to add your listing to Costar

Once you have created a listing in LoopNet, you have the information necessary for inclusion in CoStar.  Unlike LoopNet, a representative must enter your listing into the system.  This service is also available at no charge by completing the following steps:


1. Contact CoStar at 1-800-613-1303 or support@costar.com.  Please be sure to include the listing description and photographs for your property listing.   

2. Review the proof of your listing.  Once CoStar has received your listing and entered the information into the system, you will receive a proof of the listing for your final approval.  Once the listing is approved, the property will become searchable in the CoStar database.