2024 Office Space Rent & Sales
- $25.85 2024 Avg. Asking Rent
- 32.36% 2024 Office Vacancy Rate
Owings Mills office price per square foot in 2024 was $25.85 on average. The local office market recorded an average vacancy rate of 32.36% 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
2024 Average Office Rent per Square Foot
- Maryland Class A & A+ Office Space$33.92
- Maryland Class B Office Space$27.36
- Maryland Class C Office Space$20.52
Owings Mills, MD Office Asking Rents by Class
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Metro Centre at Owings Mills - 10200 Grand Central Avenue | 10200 Grand Central Avenue, 21117 | 190,000 | 2016 |
| Dolfield Business Park - 11155 Dolfield Blvd | 11155 Dolfield Blvd, 21117 | 71,400 | 2005 |
| Red Brook Corporate Center | 300 Red Brook Blvd, 21117 | 600,000 | 2001 |
| Red Run Centre | 10989 Red Run Blvd, 21117 | 135,000 | 2001 |
| 100 Painters Mill Road | 100 Painters Mill Road, 21117 | 130,000 | 1997 |
| 3600 Crondall Lane | 3600 Crondall Lane, 21117 | 40,608 | 1996 |
| 10075 Red Run Blvd | 10075 Red Run Blvd, 21117 | 100,000 | 1993 |
| Metro Office Park | 90 Painters Mill Road, 21117 | 87,500 | 1993 |
| 10453 Mill Run Cir | 10453 Mill Run Cir, 21117 | 117,659 | 1991 |
| GBMC Physicians Pavilion at Owings Mills | 10085 Red Run Blvd, 21117 | 54,526 | 1990 |
Worth noting among recent office completions on the Owings Mills market is Metro Centre at Owings Mills - 10200 Grand Central Avenue, which is currently the largest new office development in the city, at 190,000 square feet.
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Owings Mills 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 Yardi Research Data can guarantee that the information provided is complete.