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Hyattsville Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $25.19 2023 Avg. Asking Rent
  • 2.51% Y-o-Y Avg. Asking Rent Change
  • 5.24% 2023 Office Vacancy Rate

Hyattsville office price per square foot in 2023 was $25.19 on average. This marked a +2.51% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 5.24% 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

Hyattsville, MD Office Asking Rents by Class

2023 Office Vacancy Rates in Hyattsville

Submarket Asking Rents Vacancy Rates
Hyattsville $25.68 11.20%
Upper Marlboro $25.45 7.19%
Data provided by Commercial Edge
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 Hyattsville market was 5.24% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Hyattsville was 7.19% in the Upper Marlboro submarket, while the highest office vacancy in the market was 11.20%, recorded in Hyattsville.

Office Spaces for Rent in Maryland

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Coworking Spaces in Maryland

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2023 Office Construction in Hyattsville, MD

Largest Office Properties Recently Completed in Hyattsville
Office building Address SF Completed
MetroEast Office Park - 8400 Corporate Drive 8400 Corporate Drive, 20785 147,110 1985
Centre Pointe 1 & 2 901 Brightseat Road, 20785 210,857 1984
Family Dental Group 3600 East-West Hwy, 20782 20,000 1965
Executive Building 7100 Baltimore Avenue, 20740 29,360 1964

Worth noting among recent office completions on the Hyattsville market is MetroEast Office Park - 8400 Corporate Drive, which is currently the largest new office development in the city, at 147,110 square feet.

Data provided by Commercial Edge

See reports for other markets

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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 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 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.


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