Highlights
- The average rent for office space in Annapolis is $30.58 per square foot, 5.67% higher compared to the previous year.
- The market’s vacancy rate stands at 8.33%, lower than the state average of Maryland, which is 17.50%.
2025 Office Space Rent & Sales
- $30.58 2025 Avg. Asking Rent
- 5.67% Y-o-Y Avg. Asking Rent Change
- 8.33% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Annapolis?
Average asking rents for office space here stand at $30.58 per square foot. The local office market recorded an average vacancy rate of 8.33% in 2025, unchanged from 8.33% in 2024.
Annapolis, MD Office Asking Rents by Class
What is the average office rent per square foot by property class in MD?
- Avg. Asking Rent Class A & A+$34.89
- Avg. Asking Rent Class B$27.64
- Avg. Asking Rent Class C$21.81
For comparison, the average rent for Class A and A+ office space in Maryland was $34.89 per square foot. The state-wide average for Class B space was $27.64 per square foot, and Class C office spaces averaged $21.81 per square foot.
Office Construction in Annapolis, MD
What are the largest recent office completions in Annapolis?
The largest recent office completion here is Anne Arundel Medical Center - Belcher Pavilion at 236,408 square feet, completed in 2009. The next largest completions are 888 Bestgate Road and Annapolis Corporate Park - 181-185 Harry S. Truman Pkwy.
| 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 |
| 1125-B Spa Rd | 1125-B Spa Rd, 21403 | 11,000 | 2011 |
| Anne Arundel Medical Center - Belcher Pavilion | 2000 Medical Pkwy, 21401 | 236,408 | 2009 |
| 608 Melvin Ave | 608 Melvin Ave, 21401 | 14,050 | 2009 |
| The Offices at Annapolis Towne Centre | 1906 Towne Centre Blvd, 21401 | 1,228 | 2009 |
| The Offices at Annapolis Towne Centre | 1906 Towne Centre Blvd, 21401 | 1,228 | 2009 |
| 200 Westgate Circle | 200 Westgate Circle, 21401 | 82,000 | 2006 |
| Housley Professional Center | 2553 Housley Rd, 21401 | 12,464 | 2004 |
| 888 Bestgate Road | 888 Bestgate Road, 21401 | 129,940 | 2002 |
See reports for other markets
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.