2023 Office Space Rent & Sales
- $36.91 2023 Avg. Asking Rent
- 1.99% Y-o-Y Avg. Asking Rent Change
- 16.00% 2023 Office Vacancy Rate
Bethesda office price per square foot in 2023 was $36.91 on average. This marked a +1.99% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 16.00% 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
- Bethesda Class A & A+ Office Space$37.22
- Bethesda Class B Office Space$36.38
- Maryland Class A & A+ Office Space$32.58
- Maryland Class B Office Space$26.35
- Maryland Class C Office Space$29.18
Bethesda, MD Office Asking Rents by Class
2023 Office Vacancy Rates in Bethesda
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Bethesda | $39.79 | 20.48% |
| North Bethesda | $31.69 | 7.60% |
Office Spaces for Rent in Maryland
- Washington Office Space
- Baltimore City Office Space
- Rockville Office Space
- Arlington Office Space
- Columbia Office Space
- Alexandria Office Space
- Bethesda Office Space
- Annapolis Office Space
- Fairfax Office Space
- Reston Office Space
- Tysons Corner Office Space
- Manassas Office Space
- Bowie Office Space
- Lanham Office Space
- Greenbelt Office Space
Coworking Spaces in Maryland
- New York City Coworking Space
- Manhattan Coworking Space
- Washington Coworking Space
- Brooklyn Coworking Space
- Boston Coworking Space
- Charlotte Coworking Space
- Philadelphia Coworking Space
- Cincinnati Coworking Space
- Columbus Coworking Space
- Raleigh Coworking Space
- Pittsburgh Coworking Space
- Alexandria Coworking Space
- Durham Coworking Space
- Jersey City Coworking Space
- Cambridge Coworking Space
- Cleveland Coworking Space
- Queens Coworking Space
- Richmond Coworking Space
- Bethesda Coworking Space
- Asheville Coworking Space
2023 Office Construction in Bethesda, MD
| Office building | Address | SF | Completed |
|---|---|---|---|
| Avocet Tower | 7373 Wisconsin Avenue, 20814 | 370,000 | 2021 |
| 4500 East West | 4500 East-West Hwy, 20814 | 228,372 | 2014 |
| SkyBridge Tower 2 | 6720 Rockledge Dr, 20817 | 221,225 | 2008 |
| SkyBridge Tower 1 | 6720 Rockledge Dr, 20817 | 187,000 | 2007 |
| 7501 Wisconsin Avenue | 7501 Wisconsin Avenue, 20814 | 699,296 | 2001 |
| 7255 Woodmont Avenue | 7255 Woodmont Avenue, 20814 | 135,842 | 2001 |
| Bethesda Place II | 7600 Wisconsin Avenue, 20814 | 205,782 | 2000 |
| 2 Bethesda Metro Center | 2 Bethesda Metro Center, 20814 | 306,238 | 1999 |
| Two Bethesda Metro Center | 7401 Woodmont Avenue, 20814 | 288,629 | 1999 |
| Highland Park Office Building | 4416 East-West Hwy, 20814 | 46,805 | 1999 |
Worth noting among recent office completions on the Bethesda market is Avocet Tower, which is currently the largest new office development in the city, at 370,000 square feet.
See reports for other markets
- Baltimore Office Rent Price
- Rockville Office Rent Price
- Columbia Office Rent Price
- Annapolis Office Rent Price
- Gaithersburg Office Rent Price
- Silver Spring Office Rent Price
- Towson Office Rent Price
- Cockeysville Office Rent Price
- Washington Office Rent Price
- Charlotte Office Rent Price
- Los Angeles Office Rent Price
- Dallas Office Rent Price
- Phoenix Office Rent Price
- San Antonio Office Rent Price
- Miami Office Rent Price
- Seattle 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 Bethesda 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.