Bethesda Office Rent Price & Sales Report

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%
Data provided by Yardi Research
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 Bethesda market was 23.92% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Bethesda was 21.86% in the Bethesda submarket, while the highest office vacancy in the market was 28.05%, recorded in North Bethesda.

Office Spaces for Rent in Maryland

Coworking Spaces in Maryland

2024 Office Construction in Bethesda, MD

Largest Office Properties Recently Completed in Bethesda
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
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
4866 Cordell Ave 4866 Cordell Ave, 20814 1,800 1999
Capital Gateway II 6710 Rockledge Drive, 20817 293,551 1993
Capital Gateway I 6700 Rockledge Drive, 20817 293,437 1992

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.

Data provided by Yardi Research

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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 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 Yardi Research Data can guarantee that the information provided is complete.