2025 Office Space Rent & Sales
- $44.75 2025 Avg. Asking Rent
- 22.19% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Chevy Chase?
Average asking rents for office space here stand at $44.75 per square foot. The local office market recorded an average vacancy rate of 22.19% in 2025, unchanged from 22.19% in 2024.
Chevy Chase, 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.
Chevy Chase, MD Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Chevy Chase | $46.25 | 24.11% |
| Bethesda | $43.21 | 19.00% |
What are the largest recent office completions in Chevy Chase?
The largest recent office completion here is The Shops at Wisconsin Place at 552,108 square feet, completed in 2009. The next largest completions are Chevy Chase Center Office Tower and Chevy Chase Building.
| Office building | Address | SF | Completed |
|---|---|---|---|
| The Shops at Wisconsin Place | 5400 Wisconsin Avenue, 20815 | 552,108 | 2009 |
| Wisconsin Place | 5404 Wisconsin Avenue, 20815 | 299,186 | 2009 |
| Chevy Chase Center Office Tower | 5425 Wisconsin Avenue, 20815 | 412,000 | 2006 |
| Chase Tower | 4445 Willard Avenue, 20815 | 248,713 | 2001 |
| 2 Wisconsin Circle | 2 Wisconsin Circle, 20815 | 221,979 | 1985 |
| The Chevy Chase Metro Building | 2 Wisconsin Circle, 20815 | 234,683 | 1984 |
| Chevy Chase Lake Building | 8401 Connecticut Avenue, 20815 | 162,000 | 1971 |
| Chevy Chase Building | 5530 Wisconsin Avenue, 20815 | 304,876 | 1970 |
| Barlow Building | 5454 Wisconsin Avenue, 20815 | 294,000 | 1966 |
See reports for other markets
- Baltimore Office Rent Price
- Rockville Office Rent Price
- Columbia Office Rent Price
- Annapolis Office Rent Price
- Bethesda Office Rent Price
- Gaithersburg Office Rent Price
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- Cockeysville Office Rent Price
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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.