2023 Office Space Rent & Sales
- $26.18 2023 Avg. Asking Rent
- 1.35% Y-o-Y Avg. Asking Rent Change
- 15.63% 2023 Office Vacancy Rate
Timonium office price per square foot in 2023 was $26.18 on average. This marked a +1.35% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 15.63% 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
Timonium, MD Office Asking Rents by Class
Office Spaces for Rent in Maryland
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Coworking Spaces in Maryland
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2023 Office Construction in Timonium, MD
| Office building | Address | SF | Completed |
|---|---|---|---|
| 130 W Ridgely Rd | 130 W Ridgely Rd, 21093 | 24,711 | 1997 |
| Greenspring Corporate Center - 1922 Greenspring Drive | 1922 Greenspring Drive, 21093 | 33,345 | 1991 |
| 9690 Deereco Rd | 9690 Deereco Rd, 21093 | 134,175 | 1989 |
| Turf Village | 2300 York Road, 21093 | 31,802 | 1989 |
| 2331 York Rd | 2331 York Rd, 21093 | 20,707 | 1988 |
| Timonium Corporate Center | 9515 Deereco Road, 21093 | 132,552 | 1987 |
| The Atrium Bldg | 375 W Padonia Rd, 21093 | 110,328 | 1986 |
| Yorkridge Center South - 1850 York Road | 1850 York Road, 21093 | 42,042 | 1985 |
| The Kelly Building | 20 East Timonium Road, 21093 | 35,754 | 1984 |
| Greenspring Corporate Center - 1920 Greenspring Drive | 1920 Greenspring Drive, 21093 | 36,920 | 1978 |
Worth noting among recent office completions on the Timonium market is 130 W Ridgely Rd, which is currently the largest new office development in the city, at 24,711 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 Timonium 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.