Elkridge Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $24.63 2024 Avg. Asking Rent
  • 29.22% 2024 Office Vacancy Rate

Elkridge office price per square foot in 2024 was $24.63 on average. The local office market recorded an average vacancy rate of 29.22% 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

Elkridge, MD Office Asking Rents by Class

2024 Office Vacancy Rates in Elkridge

Submarket Asking Rents Vacancy Rates
Columbia $27.25 18.45%
Jessup $24.00 18.85%
Baltimore Washington International $22.39 13.93%
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 Elkridge market was 29.22% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Elkridge was 13.93% in the Baltimore Washington International submarket, while the highest office vacancy in the market was 18.85%, recorded in Jessup.

Office Spaces for Rent in Maryland

Coworking Spaces in Maryland

Largest Office Properties Recently Completed in Elkridge
Office building Address SF Completed
6755 Business Pkwy 6755 Business Pkwy, 21075 13,029 2009
Dorsey Station 6865 Deerpath Road, 21075 63,241 2006
6800 Deerpath Road 6800 Deerpath Road, 21075 56,828 2006
Chartwell Professional Park 8186 Lark Brown Road, 21075 98,000 2004
Dorsey Business Ctr Bldg C 6810 Deerpath Rd, 21075 83,220 1987

Worth noting among recent office completions on the Elkridge market is 6755 Business Pkwy, which is currently the largest new office development in the city, at 13,029 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 Elkridge 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.