2023 Office Space Rent & Sales
- $25.19 2023 Avg. Asking Rent
- 2.51% Y-o-Y Avg. Asking Rent Change
- 5.24% 2023 Office Vacancy Rate
Hyattsville office price per square foot in 2023 was $25.19 on average. This marked a +2.51% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 5.24% 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
Hyattsville, MD Office Asking Rents by Class
2023 Office Vacancy Rates in Hyattsville
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Hyattsville | $25.68 | 11.20% |
| Upper Marlboro | $25.45 | 7.19% |
Office Spaces for Rent in Maryland
- Washington Office Space
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Coworking Spaces in Maryland
- New York City Coworking Space
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- Asheville Coworking Space
2023 Office Construction in Hyattsville, MD
| Office building | Address | SF | Completed |
|---|---|---|---|
| 7900 Harkins Road | 7900 Harkins Road, 20706 | 325,000 | 2002 |
| MetroEast Office Park - 8400 Corporate Drive | 8400 Corporate Drive, 20785 | 147,110 | 1985 |
| 6001 and 6005 Landover Road | 6001 and 6005 Landover Road, 20785 | 20,742 | 1974 |
| Cheverly Industrial Park | 1 Allegheny Circle, 20781 | 150,000 | 1967 |
| Family Dental Group | 3600 East-West Hwy, 20782 | 20,000 | 1965 |
| Executive Building | 7100 Baltimore Avenue, 20740 | 29,360 | 1964 |
Worth noting among recent office completions on the Hyattsville market is 7900 Harkins Road, which is currently the largest new office development in the city, at 325,000 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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- Cockeysville Office Rent Price
- Los Angeles 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 Hyattsville 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.