Market Snapshot: Maryland

50 states in 50 weeks – The new series leverages our vast market intelligence database to bring you powerful AE industry insights. Next up is Maryland.

Maryland Economic Performance and Outlook Grade: C+
  • Economy: C+
  • Population: C+
  • Workforce: A-
  • Financial/Fiscal Health: D

Maryland’s economy is stable, with strong contributions from the engineering, biotech, and IT sectors. The state has one of the highest levels of revenue from engineering services and is home to key transportation hubs, such as the Port of Baltimore and major highway and rail systems. Slower GDP and population growth, along with tax-competitiveness concerns, pose challenges to long-term economic expansion. Nonetheless, the outlook for AE and environmental services in the state remains positive. Investments are being made in transit-oriented developments and highway modernization projects as there is room for significant upgrades and expansions. Preconstruction of the Francis Scott Key Bridge has started. The project’s estimated value is $2 billion and is expected to be completed in 2028. See additional highlights for Maryland below:

  • Strategic regions: Columbia Gateway and Prince George’s County
  • Frederick: Residential and commercial growth due to proximity to Washington, D.C.
  • Columbia: Increasing demand for mixed-use developments and data center expansion
  • Baltimore City: Urban revitalization projects focusing on affordable housing and green buildings
  • Montgomery County: Hub for biotech labs and FDA-related real estate

For sector-specific insights in Maryland or questions about our market intelligence and research services, call or text Rafael Barbosa at 972-266-4955 or email [email protected].

For more market insights and a comprehensive outlook for 2025, don’t miss the 2025 AE Market Intelligence Webinar on January 28. Click here for details.

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