2024 Office Space Rent & Sales
- $28.94 2024 Avg. Asking Rent
- -2.61% Y-o-Y Avg. Asking Rent Change
- 9.59% 2024 Office Vacancy Rate
Annapolis office price per square foot in 2024 was $28.94 on average. This marked a -2.61% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 9.59% 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
2024 Average Office Rent per Square Foot
- Maryland Class A & A+ Office Space$33.92
- Maryland Class B Office Space$27.36
- Maryland Class C Office Space$20.52
Annapolis, MD Office Asking Rents by Class
Office Spaces for Rent in Maryland
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2024 Office Construction in Annapolis, MD
| Office building | Address | SF | Completed |
|---|---|---|---|
| Annapolis Corporate Park - 181-185 Harry S. Truman Pkwy | 181 Harry S. Truman Pkwy, 21401 | 123,848 | 2015 |
| 1730 West St | 1730 West St, 21401 | 38,048 | 2013 |
| 1 Park Place | 1 Park Place, 21401 | 157,748 | 2007 |
| 200 Westgate Circle | 200 Westgate Circle, 21401 | 82,000 | 2006 |
| Annapolis Technology Park | 2629 Riva Road, 21401 | 42,000 | 2003 |
| 888 Bestgate Road | 888 Bestgate Road, 21401 | 129,940 | 2002 |
| 65 Old Solomons Island Rd | 65 Old Solomons Island Rd , 21401 | 20,750 | 2001 |
| 122 Severn Ave | 122 Severn Ave, 21403 | 5,344 | 2000 |
| Heritage Harbour Center | 801 Compass Way, 21401 | 32,987 | 1990 |
| Ridgely Oaks Professional Center | 621 Ridgely Avenue, 21401 | 31,757 | 1990 |
Worth noting among recent office completions on the Annapolis market is Annapolis Corporate Park - 181-185 Harry S. Truman Pkwy, which is currently the largest new office development in the city, at 123,848 square feet.
See reports for other markets
- Baltimore Office Rent Price
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- Columbia Office Rent Price
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- Gaithersburg Office Rent Price
- Silver Spring 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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Annapolis 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.