2023 Office Space Rent & Sales
- $29.76 2023 Avg. Asking Rent
- 13.07% 2023 Office Vacancy Rate
Annapolis office price per square foot in 2023 was $29.76 on average. The local office market recorded an average vacancy rate of 13.07% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Maryland Class A & A+ Office Space$32.58
- Maryland Class B Office Space$26.35
- Maryland Class C Office Space$29.18
Annapolis, MD Office Asking Rents by Class
Office Spaces for Rent in Maryland
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2023 Office Construction in Annapolis, MD
| Office building | Address | SF | Completed |
|---|---|---|---|
| Annapolis Corporate Park - 181-185 Harry S. Truman Pkwy | 181 Harry S. Truman Pkwy, 21401 | 123,848 | 2015 |
| 1730 West St | 1730 West St, 21401 | 38,048 | 2013 |
| 1 Park Place | 1 Park Place, 21401 | 157,748 | 2007 |
| 200 Westgate Circle | 200 Westgate Circle, 21401 | 82,000 | 2006 |
| 115 West Street | 115 West Street, 21401 | 21,000 | 2004 |
| 115 West Street | 115 West Street, 21401 | 21,000 | 2004 |
| Annapolis Technology Park | 2629 Riva Road, 21401 | 58,250 | 2003 |
| 888 Bestgate Road | 888 Bestgate Road, 21401 | 129,940 | 2002 |
| 65 Old Solomons Island Rd | 65 Old Solomons Island Rd , 21401 | 20,750 | 2001 |
| 122 Severn Ave | 122 Severn Ave, 21403 | 5,344 | 2000 |
Worth noting among recent office completions on the Annapolis market is Annapolis Corporate Park - 181-185 Harry S. Truman Pkwy, which is currently the largest new office development in the city, at 123,848 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Annapolis commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.