2023 Office Space Rent & Sales
- $20.78 2023 Avg. Asking Rent
- 4.63% Y-o-Y Avg. Asking Rent Change
- 20.34% 2023 Office Vacancy Rate
Glen Burnie office price per square foot in 2023 was $20.78 on average. This marked a +4.63% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 20.34% 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
Glen Burnie, MD Office Asking Rents by Class
2023 Office Vacancy Rates in Glen Burnie
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Route 2 Corridor | $25.15 | 13.15% |
| Baltimore Washington International | $18.60 | 12.75% |
Office Spaces for Rent in Maryland
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Coworking Spaces in Maryland
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2023 Office Construction in Glen Burnie, MD
| Office building | Address | SF | Completed |
|---|---|---|---|
| Aviation Business Park | 6960 Aviation Blvd, 21061 | 120,285 | 2008 |
| Quarterfield Medical Center | 7671 Quarterfield Road, 21061 | 62,680 | 2008 |
| Suite 300 | 7671 Quarterfield Rd, 21061 | 11,988 | 2008 |
| Quarterfield Center | 802 Landmark Drive, 21061 | 174,240 | 2003 |
| Cromwell Business Park - 801, 802 & 811 Cromwell Park Drive | 801 Cromwell Park Drive, 21061 | 94,630 | 2000 |
| International Trade Center - 530 McCormick Drive | 530 McCormick Drive, 21061 | 56,237 | 2000 |
| Madison Park | 1401 Madison Park Drive, 21061 | 68,474 | 1998 |
| Cromwell Business Park - 820 & 890 Airport Park Road | 890 Airport Park Road, 21061 | 68,668 | 1990 |
| 14 Wellham Ave NW | 14 Wellham Ave NW, 21061 | 9,000 | 1983 |
| 14 Wellham Ave NW | 14 Wellham Ave NW, 21061 | 9,000 | 1983 |
Worth noting among recent office completions on the Glen Burnie market is Aviation Business Park, which is currently the largest new office development in the city, at 120,285 square feet.
See reports for other markets
- Baltimore Office Rent Price
- Rockville Office Rent Price
- Columbia Office Rent Price
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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 Glen Burnie 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.