2022 Office Space Rent & Sales
- $21.90 2022 Avg. Asking Rent
- -2.11% Y-o-Y Avg. Asking Rent Change
- 3.56% 2022 Office Vacancy Rate
Laurel office price per square foot in 2022 was $21.90 on average. This marked a -2.11% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 3.56% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Laurel Class B Office Space$27.33
- Laurel Class C Office Space$21.01
- Maryland Class A & A+ Office Space$31.43
- Maryland Class B Office Space$26.48
- Maryland Class C Office Space$21.66
Laurel, MD Office Asking Rents by Class
2022 Office Vacancy Rates in Laurel
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Howard County | $22.61 | 8.71% |
Laurel | $21.90 | 11.96% |
Laurel | $21.90 | 3.41% |
Laurel | $21.18 | 11.96% |
Laurel | $21.18 | 3.41% |
Beltsville - Calverton | $20.00 | 12.18% |
Lanham - Bowie | $18.66 | 10.11% |
Coworking Spaces in Maryland
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2022 Office Construction in Laurel, MD
- Laurel, MD Total SF under construction in 2023 135,000
Office building | Address | SF | Completed |
---|---|---|---|
Maple Lawn Business District - 8115 Maple Lawn Blvd | 8115 Maple Lawn Blvd, 20759 | 130,629 | 2015 |
Maple Lawn Business District - 8135 Maple Lawn Blvd | 8135 Maple Lawn Blvd, 20759 | 138,796 | 2013 |
Maple Lawn Business District - 8161 Maple Lawn Blvd | 8161 Maple Lawn Blvd, 20759 | 110,646 | 2005 |
14400 Sweitzer Lane | 14400 Sweitzer Lane, 20707 | 120,900 | 2000 |
14409 Greenview Dr | 14409 Greenview Dr, 20708 | 21,442 | 1992 |
8003-8039 Laurel Lakes Ct | 8003-8039 Laurel Lakes Ct, 20707 | 72,000 | 1987 |
6100 Chevy Chase Drive | 6100 Chevy Chase Drive, 20707 | 43,000 | 1987 |
13990 Baltimore Ave | 13990 Baltimore Ave, 20707 | 26,543 | 1987 |
13990 Baltimore Ave | 13990 Baltimore Ave, 20707 | 26,543 | 1987 |
Cherry Lane Court Business Center | 14300 Cherry Lane Court, 20707 | 48,648 | 1986 |
Worth noting among recent office completions on the Laurel market is Maple Lawn Business District - 8115 Maple Lawn Blvd, which is currently the largest new office development in the city, at 130,629 square feet.
See reports for other markets
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- Annapolis Office Rent Price
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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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Laurel 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.