2023 Office Space Rent & Sales
- $24.00 2023 Avg. Asking Rent
- 28.70% 2023 Office Vacancy Rate
Belcamp office price per square foot in 2023 was $24.00 on average. The local office market recorded an average vacancy rate of 28.70% 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
Belcamp, MD Office Asking Rents by Class
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Water's Edge Corporate Center - 4696 Millennium Drive | 4696 Millennium Drive, 21017 | 125,000 | 2011 |
| Water's Edge Corporate Center - 4694 Millennium Drive | 4694 Millennium Drive, 21017 | 102,359 | 2007 |
| Water's Edge Corporate Center - 4692 Millennium Drive | 4692 Millennium Drive, 21017 | 79,885 | 2005 |
Worth noting among recent office completions on the Belcamp market is Water's Edge Corporate Center - 4696 Millennium Drive, which is currently the largest new office development in the city, at 125,000 square feet.
See reports for other markets
- Baltimore Office Rent Price
- Rockville Office Rent Price
- Columbia Office Rent Price
- Annapolis Office Rent Price
- Bethesda Office Rent Price
- Gaithersburg Office Rent Price
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- San Francisco Office Rent Price
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- Manhattan Office Rent Price
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 Belcamp 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.