Maryland Heights Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $18.94 2023 Avg. Asking Rent
  • 3.30% Y-o-Y Avg. Asking Rent Change
  • 12.78% 2023 Office Vacancy Rate

Maryland Heights office price per square foot in 2023 was $18.94 on average. This marked a +3.30% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 12.78% 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

  • Missouri Class A & A+ Office Space$24.89
  • Missouri Class B Office Space$20.58
  • Missouri Class C Office Space$22.78

Maryland Heights, MO Office Asking Rents by Class

2023 Office Vacancy Rates in Maryland Heights

Submarket Asking Rents Vacancy Rates
Maryland Heights $20.06 19.58%
Earth City - Bridgeton $19.42 22.29%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Maryland Heights market was 12.78% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Maryland Heights was 19.58% in the Maryland Heights submarket, while the highest office vacancy in the market was 22.29%, recorded in Earth City - Bridgeton.

Office Spaces for Rent in Missouri

Coworking Spaces in Missouri

2023 Office Construction in Maryland Heights, MO

Largest Office Properties Recently Completed in Maryland Heights
Office building Address SF Completed
Elsevier 3251 Riverport Dr., 63043 146,000 2009
Riverport Business Park - 3251 Riverport Lane 3251 Riverport Lane, 63043 146,000 2008
Dorsett Center 11705 Dorsett Road, 63043 27,064 2008
Magellan 14100 Magellan Plz., 63043 232,521 2003
Riverport Commons IV 13500 Riverport Drive, 63043 117,330 2001
Riverport Business Park - 13900 Riverport Drive 13900 Riverport Drive, 63043 141,774 1999
188 Weldon Parkway 188 Weldon Parkway, 63043 2,418 1995
Riverport Tower 13736 Riverport Drive, 63043 317,000 1990
Riverport Lakes West 13801 Riverport Dr., 63043 94,900 1990
Riverport Lakes East 13723 Riverport Dr., 63043 98,000 1988

Worth noting among recent office completions on the Maryland Heights market is Elsevier, which is currently the largest new office development in the city, at 146,000 square feet.

Data provided by Commercial Edge

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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 Maryland Heights 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.