Why Germantown, MD?
Germantown, the most vibrant submarket in the DC Metro region, is situated in the northwest section of Montgomery County, Maryland, north of the Capital Beltway (I-495) along Interstate 270. Fueled by the rapid population growth, emergent mix of commercial development, and reduced commute, Germantown is attracting many employers traditionally based in submarkets to the south.
If your company is looking to be closer to an abundant, highly-skilled and well educated work force, looking for a central location that provides affordable quality housing, quality schools, and a strong amenity base, and looking to improve your employees overall quality of life with a reduced commute, then the question really should be “Why Not Germantown?”
Since 2000, Germantown has recorded 57% population growth, is the fastest growing area of Montgomery County, and the third most populous area in the State of Maryland with 90,676 residents. With 750 multi-family units scheduled to deliver by 2015, the county’s first new hospital in 35 years opening in 2014, and a 200,000 square foot Wegman’s anchored retail development, Germantown is poised to remain one of Washington DC’s fastest growing submarkets.
With 750 multi-family units delivered last year, the new Holy Cross Hospital, and a 200,000 square foot Wegman’s anchored retail center, Germantown is poised to remain one of Washington DC’s fastest growing submarkets.
- Unemployment in Germantown is at 3.70%, well below the state and national average of 4.3%.
- Job growth in Germantown is projected to increase by 38.87% over the next 10 years.
- According to CNN Money, the average job growth for the top “100 Cities to Live” in the country was 25.01%. Germantown ranked 24th overall in their poll.