Highlights
- The average rent for office space in Lanham is $19.23 per square foot, 0.40% higher compared to the previous year.
- The market’s vacancy rate stands at 15.67%, lower than the state average of Maryland, which is 17.50%.
2025 Office Space Rent & Sales
- $19.23 2025 Avg. Asking Rent
- 0.40% Y-o-Y Avg. Asking Rent Change
- 15.67% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Lanham?
Average asking rents for office space here stand at $19.23 per square foot. The local office market recorded an average vacancy rate of 15.67% in 2025, unchanged from 15.67% in 2024.
Lanham, MD Office Asking Rents by Class
What is the average office rent per square foot by property class in MD?
- Avg. Asking Rent Class A & A+$34.89
- Avg. Asking Rent Class B$27.64
- Avg. Asking Rent Class C$21.81
For comparison, the average rent for Class A and A+ office space in Maryland was $34.89 per square foot. The state-wide average for Class B space was $27.64 per square foot, and Class C office spaces averaged $21.81 per square foot.
Lanham, MD Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Greenbelt | $23.99 | 9.94% |
| Lanham - Bowie | $19.95 | 19.37% |
| Hyattsville | $19.63 | 5.15% |
What are the largest recent office completions in Lanham?
The largest recent office completion here is 4600 Forbes Blvd. at 168,243 square feet, completed in 1973. The next largest completions are 4200 Parliament Place and 4200 Parliament Place.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 9821 Greenbelt Rd # D 5 | 9821 Greenbelt Rd # D 5, 20706 | 1,281 | 1996 |
| Goddard Corporate Park | 7515 Mission Dr, 20706 | 114,700 | 1993 |
| 4200 Parliament Place | 4200 Parliament Place, 20706 | 122,000 | 1989 |
| 4200 Parliament Place | 4200 Parliament Place, 20706 | 122,000 | 1989 |
| 9410 Annapolis Rd | 9410 Annapolis Rd, 20706 | 23,177 | 1986 |
| The Commerce Center at Washington Business Park | 4380 Forbes Blvd, 20706 | 115,831 | 1984 |
| 4400 Forbes Blvd | 4400 Forbes Blvd, 20706 | 114,258 | 1984 |
| 4600 Forbes Blvd. | 4600 Forbes Blvd., 20706 | 168,243 | 1973 |
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
- Gaithersburg Office Rent Price
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- Towson Office Rent Price
- Cockeysville Office Rent Price
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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.