1031 Exchange in Maryland
Benefits of a 1031 Exchange in Maryland
Maryland is one of the ten wealthiest states in the U.S. with the highest median income in the country. It has a population of over six million with an unemployment rate way below the national average. The state’s economy is stimulated by various industries including life sciences and bio-health, Cyber-security and IT, advanced manufacturing, and defense and aerospace.
Maryland is home to more than 60 federal agencies and has the fourth-highest percentage of federal workers across the country. This combination of academic institutions, government agencies, and bio-health and life sciences research firms is driving job growth and increasing demand for both residential and rental properties.