2024 Office Space Rent & Sales
- $36.88 2024 Avg. Asking Rent
- 0.10% Y-o-Y Avg. Asking Rent Change
- 23.92% 2024 Office Vacancy Rate
Bethesda office price per square foot in 2024 was $36.88 on average. This marked a +0.10% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 23.92% 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
- Bethesda Class A & A+ Office Space$37.38
- Bethesda Class B Office Space$36.18
- Maryland Class A & A+ Office Space$33.92
- Maryland Class B Office Space$27.36
- Maryland Class C Office Space$20.52
Bethesda, MD Office Asking Rents by Class
2024 Office Vacancy Rates in Bethesda
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Bethesda | $39.00 | 21.86% |
| North Bethesda | $32.19 | 28.05% |
Office Spaces for Rent in Maryland
- Washington Office Space
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- Rockville Office Space
- Columbia Office Space
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- Annapolis Office Space
- Bethesda Office Space
- Fairfax Office Space
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- Upper Marlboro Office Space
Coworking Spaces in Maryland
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- Bethesda Coworking Space
- Asheville Coworking Space
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2024 Office Construction in Bethesda, MD
| Office building | Address | SF | Completed |
|---|---|---|---|
| Avocet Tower | 7373 Wisconsin Avenue, 20814 | 370,000 | 2021 |
| 4500 East West | 4500 East-West Hwy, 20814 | 228,372 | 2014 |
| SkyBridge Tower 2 | 6720 Rockledge Dr, 20817 | 221,225 | 2008 |
| SkyBridge Tower 1 | 6720 Rockledge Dr, 20817 | 187,000 | 2007 |
| 7501 Wisconsin Avenue | 7501 Wisconsin Avenue, 20814 | 699,296 | 2001 |
| Woodmont East @ Bethesda Row | 7255 Woodmont Avenue, 20814 | 94,203 | 2001 |
| Bethesda Place II | 7600 Wisconsin Avenue, 20814 | 205,782 | 2000 |
| 2 Bethesda Metro Center | 2 Bethesda Metro Center, 20814 | 306,238 | 1999 |
| Two Bethesda Metro Center | 7401 Woodmont Avenue, 20814 | 288,629 | 1999 |
| Highland Park Office Building | 4416 East-West Hwy, 20814 | 46,805 | 1999 |
Worth noting among recent office completions on the Bethesda market is Avocet Tower, which is currently the largest new office development in the city, at 370,000 square feet.
See reports for other markets
- Baltimore Office Rent Price
- Rockville Office Rent Price
- Columbia Office Rent Price
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- Houston Office Rent Price
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- Phoenix 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 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 Bethesda 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.