Create an Account - Increase your productivity, customize your experience, and engage in information you care about.
View All Posts
Posted on November 8, 2013 at 11:32 AM by Anne Leavitt-Gruberger
By Scott France, Principal Planner, Montgomery County Planning Commission
Five hotels built in Montgomery County during 2012 accounted for almost a third of all nonresidential construction last year. Not surprisingly, the new hotels were found in some of the county’s growing employment centers, including King of Prussia, Montgomeryville, and the Route 422 Corridor. While one of the hotels was actually a redevelopment of an older hotel, this construction activity is a positive indication that Montgomery County remains an economic engine for the region, despite the Great Recession and a slow recovery period. Business customers account for the majority of bookings at the typical hotel in Montgomery County, with vacancy rates increasing on weekends. However, the draw of regional shopping and events at locations such as the mall and convention center in King of Prussia provide some balance in hotel bookings on weekends.
Overall, nonresidential construction almost doubled in 2012 compared to the prior year with over 1.7 million square feet of new construction. Commercial building, which includes hotels along with retail and personal services, comprised almost half of the square footage built. The Einstein Medical Center in East Norriton Township was the largest development in 2012 and accounted for significant growth in the institutional sector. Office construction remains slow in the county, with only 200,000 square feet added in 2012. The office sector is slow in many parts of the country due not only to the economy but also to changes in how companies use office space. The ability to telecommute and make employees more mobile can reduce the amount of square feet needed per employee. Some companies are also embracing a more collaborative workspace environment with open floor plans that reduce the amount of square feet per employee.
Total Square Feet
Einstein Medical Center Montgomery
Sheraton Valley Forge Hotel
Joseph C. Scott Medical Center (Rydal Park)
Wegmans King of Prussia
Hillcrest I (Arborcrest Corporate Campus)
Staybridge Suites Philadelphia-Montgomeryville
Hilton Garden Inn Valley Forge / Oaks
SpringHill Suites Valley Forge / King of Prussia
Einstein Montgomery Medical Arts Building
Hampton Inn Limerick-Philadelphia Area
before leaving your comment