Greencourt Innovation Center 12358 Parklawn Dr

Rockville sits at the edge/lower section of the Interstate 270 Technology Corridor. Sandwiched between Bethesda and Gaithersburg, Rockville’s proximity to both Montgomery and Howard County (via the Intercounty Connector) is hugely beneficial given the range of commercial connections. But commutes into Northern Virginia via Interstate 495—aka Capital Beltway—expands the accessible local universe for both residents and tenants.

The I-270 Technology Corridor is best described as a software and biotechnological hub, not only for the region but for the country. Anchoring the IT and biotech side of the Corridor are firms like Westat, Lockheed Martin, Booz Allen, GlaxoSmithKline, and BioReliance. In partnership with many of these private companies, federal government institutions call Rockville home. Along this Corridor is the U.S. Department of Health & Human Services, Social Services Administration, U.S. Public Health Services, and the National Cancer Institute, among others.

Serviced by Washington’s Metro Red Line, Rockville’s access to public transportation is a boon for the area. Office properties are clustered around the Rockville Town Square, and according to CoStar data, the office vacancy rate is the lowest its been in a decade. There’s still an affordability narrative here, though. Average asking rents are nearly half that of those found in the District of Columbia, and Rockville is closely packed in with competing suburban office nodes like Silver Spring, North Bethesda, and the outlying parts of Montgomery County.