Hyattsville Office Market Trends

Office Rental Market

  • $22.24 2019 Avg. Asking Rent
  • 37.27 % 2019 Avg. Vacancy Rate
  • 31,646 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Hyattsville was $22.24 per square foot, and the office vacancy rate across the market averaged 37.27 %. During 2019, developers added 31,646 square feet of new office space to the Hyattsville market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Hyattsville Class A Office Buildings$23.02
  • Hyattsville Class B Office Buildings$21.39
  • MD Class A Office Buildings$31.28
  • MD Class B Office Buildings$24.32
  • MD Class C Office Buildings$18.37

Hyattsville, MD Office Asking Rents by Class

OFFICE CONSTRUCTION IN Hyattsville, MD

  • Hyattsville, MD Total Sqft completed in 2019 31,646
  • Hyattsville, MD Total Sqft under construction in 2020 0
10 Largest Office Buildings in Hyattsville
Building name Address Total Sqft Year built
Metro III 6525 Belcrest Road, 20782 488,502 1972
Sheriff Road Business Park 6400 Sheriff Road, 20785 346,352 1981
7900 Harkins Road 7900 Harkins Road, 20706 325,000 2002
Metro I 6505 Belcrest Road, 20782 301,646 1964
Centre Pointe 1 & 2 901 Brightseat Road, 20785 210,857 1984
Metro Plex II 8201 Corporate Drive, 20785 187,000 1982
Metro 4 3311 Toledo Rd, 20782 178,450 2002
MetroEast Office Park - 8100-8300 Professional Place 8100 Professional Place, 20785 172,270 1981
6495 New Hampshire Avenue 6495 New Hampshire Avenue, 20783 167,393 1958
MetroEast Office Park - 8400 Corporate Drive 8400 Corporate Drive, 20785 147,110 1985
Largest Office Properties Recently Completed in Hyattsville
Office building Address Sqft Completed
8509 Ardwick Ardmore Road 8509 Ardwick Ardmore Road, 20785 31,646 2019
7800 Harkins Road 7800 Harkins Road, 20706 113,000 2015
University Town Center - 6511 America Blvd 6511 America Blvd, 20782 121,947 2009
New Carrollton Town Center 8500 Annapolis Road, 20784 75,130 2009
7900 Harkins Road 7900 Harkins Road, 20706 325,000 2002
Toledo Terrace Professional Park 3321 Toledo Terrace, 20782 36,086 1991
95 Office Park 1801 Brightseat Road, 20785 58,348 1990
425 Brightseat Road 425 Brightseat Road, 20785 60,500 1987
1835 University Blvd East 1835 University Blvd East, 20783 56,322 1987
Chesapeake Office Park 7050 Chesapeake Road, 20784 27,039 1987
Data provided by Commercial Edge

Office Spaces for Rent in Maryland

See trends for nearby markets

The Hyattsville office market contains an inventory of 3,183,062 square feet of office space, in 41 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Hyattsville 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.