2023 Office Space Rent & Sales
- $25.75 2023 Avg. Asking Rent
- -1.11% Y-o-Y Avg. Asking Rent Change
- 18.81% 2023 Office Vacancy Rate
Towson office price per square foot in 2023 was $25.75 on average. This marked a -1.11% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.81% 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
Towson, MD Office Asking Rents by Class
Office Spaces for Rent in Maryland
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Coworking Spaces in Maryland
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 6300 Blair Hill Lane | 6300 Blair Hill Lane, 21209 | 88,204 | 2015 |
| Towson Commons | 1 W Pennsylvania Ave, 21204 | 322,000 | 1992 |
| Towson Commons | 1 West Pennsylvania Avenue, 21204 | 212,000 | 1992 |
| Towson Orthopaedic MOB | 8322 Bellona Avenue, 21204 | 55,969 | 1992 |
| O'Dea Building | 7505 Osler Drive, 21204 | 119,300 | 1991 |
| Court Towers | 210 West Pennsylvania Avenue, 21204 | 135,000 | 1989 |
| Maryland Executive Park - 8501 LaSalle Road | 8501 LaSalle Road, 21286 | 56,849 | 1988 |
| Dulaney Center II | 901 Dulaney Valley Road, 21204 | 182,056 | 1987 |
| 1104 Kenilworth Dr | 1104 Kenilworth Dr, 21204 | 47,846 | 1987 |
| West Road Corporate Center - 110 West Road | 110 West Road, 21204 | 124,680 | 1985 |
Worth noting among recent office completions on the Towson market is 6300 Blair Hill Lane, which is currently the largest new office development in the city, at 88,204 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
- Silver Spring Office Rent Price
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- 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 Towson 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.