• Add a Listing
  • Log In
  • For Lease
    • Germantown Office Spaces for Lease
    • Germantown Retail Spaces for Lease
    • Germantown Industrial Spaces for Lease
  • For Sale
    • Germantown Office Properties for Sale
    • Germantown Retail Properties for Sale
    • Germantown Industrial Properties for Sale
  • Commercial Real Estate
  • Coworking

Germantown Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $25.11 2020 Avg. Asking Rent
  • -4.17% Y-o-Y Avg. Asking Rent Change
  • 13.84% 2020 Office Vacancy Rate

Germantown office price per square foot in 2020 was $25.11 on average. This marked a -4.17% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 13.84% across all asset classes combined.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • Germantown Class A Office Space$16.00
  • Germantown Class B Office Space$25.46
  • Maryland Class A Office Space$32.41
  • Maryland Class B Office Space$25.12
  • Maryland Class C Office Space$19.46

Germantown, MD Office Asking Rents by Class

2020 Office Construction in Germantown, MD

  • Germantown, MD Total SF completed in 2020

During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Germantown office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.

Largest Office Properties Recently Completed in Germantown
Office building Address SF Completed
19851 Observation Drive 19851 Observation Drive, 20876 80,000 2015
Milestone Business Park - 12409 Milestone Center Drive 12409 Milestone Center Drive, 20876 162,285 2012
Milestone Business Park - 12420 Milestone Center Drive 12420 Milestone Center Court, 20876 156,637 2009
Crystal Rock Plaza 19785 Crystal Rock Drive, 20874 58,000 2007
20441 Century Blvd 20441 Century Blvd, 20874 114,067 2006
Seneca Meadows Corporate Center - 20310-20340 Seneca Meadows Pkwy 20310 Seneca Meadows Pkwy, 20877 107,251 2006
Germantown II & III 19731 Germantown Road, 20874 121,602 2005
Seneca Meadows Corporate Center - 20407 & 20425 Seneca Meadows Pkwy 20425 Seneca Meadows Pkwy, 20876 93,000 2004
12820 Wisteria Drive 12820 Wisteria Drive, 20874 26,987 2004
Milestone Business Park - 12410 Milestone Center Drive 12410 Milestone Center Drive, 20876 183,210 2002

Worth noting among recent office completions on the Germantown market is 19851 Observation Drive, which is currently the largest new office development in the city, at 80,000 square feet.

Data provided by Commercial Edge

See reports for nearby markets

  • Washington Office Rent Price
  • Rockville Office Rent Price
  • Alexandria Office Rent Price
  • Arlington Office Rent Price
  • Columbia Office Rent Price
  • Fairfax Office Rent Price
  • Reston Office Rent Price
  • Annapolis 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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Germantown 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.

    • United States
    • Canada

© 2022 - Yardi Systems, Inc. All Rights Reserved.
About Us
  • Contact Us
  • Who We Are
  • Terms Of Service
  • Privacy Statement
  • Your CA Privacy Rights
  • Sitemap
  • Blog
Our Tools
  • Add a listing
  • Real Estate Terms