2023 Office Space Rent & Sales
- $24.53 2023 Avg. Asking Rent
- 8.49% 2023 Office Vacancy Rate
Bel Air office price per square foot in 2023 was $24.53 on average. The local office market recorded an average vacancy rate of 8.49% 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
Bel Air, MD Office Asking Rents by Class
Office Spaces for Rent in Maryland
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Coworking Spaces in Maryland
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| Office building | Address | SF | Completed |
|---|---|---|---|
| MedStar Bel Air | 12 Medstar Blvd, 21015 | 105,334 | 2016 |
| 2015 Emmorton Rd | 2015 Emmorton Rd, 21015 | 20,480 | 2002 |
| Old Emmorton Commons | 2225 Old Emmorton Road, 21015 | 56,000 | 2001 |
| 1614 Churchville Road | 1614 Churchville Road, 21015 | 27,305 | 2001 |
| One Barrington Place | 1 Barrington Road, 21014 | 12,418 | 2000 |
| Greenbrier Shopping Center | 225 Brierhill Drive, 21015 | 130,193 | 1999 |
| Upper Chesapeake Health Pavilion I & II | 615 West MacPhail Road, 21014 | 113,631 | 1996 |
| Bel Air South Professional Center | 2012 Tollgate Road, 21009 | 60,000 | 1995 |
| Bright Oaks Courtyard | 2021 Emmorton Road, 21015 | 42,872 | 1993 |
| Bel Air Square | 260 Gateway Drive, 21014 | 34,560 | 1989 |
Worth noting among recent office completions on the Bel Air market is MedStar Bel Air, which is currently the largest new office development in the city, at 105,334 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 Bel Air 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.