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Greenbelt Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $23.23 2023 Avg. Asking Rent
  • 1.94% Y-o-Y Avg. Asking Rent Change
  • 17.98% 2023 Office Vacancy Rate

Greenbelt office price per square foot in 2023 was $23.23 on average. This marked a +1.94% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 17.98% 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

2023 Average Office Rent per Square Foot

  • Maryland Class A & A+ Office Space$32.58
  • Maryland Class B Office Space$26.35
  • Maryland Class C Office Space$29.18

Greenbelt, MD Office Asking Rents by Class

Office Spaces for Rent in Maryland

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  • Greenbelt Office Space

Coworking Spaces in Maryland

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Largest Office Properties Recently Completed in Greenbelt
Office building Address SF Completed
Greenbelt Commons 8713-8751 Greenbelt Road, 20770 11,614 2006
7829 Belle Point Dr 7829 Belle Point Dr, 20770 1,743 2003
Maryland Trade Center II 7474 Greenway Center Drive, 20770 158,325 1984
7855 Walker Dr 7855 Walker Drive, 20770 111,590 1984
Maryland Trade Center I 7500 Greenway Center Drive, 20770 192,536 1981
6301 Ivy Lane 6301 Ivy Lane, 20770 114,531 1980
9111 Edmonston Rd 9111 Edmonston Rd, 20770 39,545 1978

Worth noting among recent office completions on the Greenbelt market is Greenbelt Commons, which is currently the largest new office development in the city, at 11,614 square feet.

Data provided by Commercial Edge

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
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  • Towson Office Rent Price
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  • Phoenix Office Rent Price
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  • Denver Office Rent Price
  • Los Angeles 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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Greenbelt 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.


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