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
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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 |
| 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 |
| Conte-Lubrano Office Buildings | 127 Lubrano Drive, 21401 | 76,803 | 2002 |
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
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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 Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.