Highlights
- The average rent for office space in Owings Mills is $25.17 per square foot, 2.63% lower compared to the previous year.
- The market’s vacancy rate stands at 33.30%, higher than the state average of Maryland, which is 17.50%.
2025 Office Space Rent & Sales
- $25.17 2025 Avg. Asking Rent
- -2.63% Y-o-Y Avg. Asking Rent Change
- 33.30% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Owings Mills?
Average asking rents for office space here stand at $25.17 per square foot. The local office market recorded an average vacancy rate of 33.30% in 2025, unchanged from 33.30% in 2024.
Owings Mills, 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.
What are the largest recent office completions in Owings Mills?
The largest recent office completion here is Red Brook Corporate Center at 600,000 square feet, completed in 2001. The next largest completions are Metro Centre at Owings Mills - 10200 Grand Central Avenue and Red Run Centre.
| 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 |
| GBMC Physicians Pavilion at Owings Mills | 10085 Red Run Blvd, 21117 | 54,526 | 1990 |
| Business Center at Owings Mills - Owings Mills Center III | 11447 Cronhill Drive, 21117 | 97,491 | 1989 |
See reports for other markets
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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.