Rockville Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Rockville is $37.02 per square foot, 2.98% higher compared to the previous year.
  • The average sale price for office space in Rockville is $78.13 per square foot, marking an increase of 22.96% compared to 2024.
  • The market’s vacancy rate stands at 20.17%, higher than the state average of Maryland, which is 17.50%.
  • Renting Class A/A+ office space here costs $40.95 per square foot, while Class B averages $32.40 and Class C stands at $24.33.

2025 Office Space Rent & Sales

  • $37.02 2025 Avg. Asking Rent
  • 2.98% Y-o-Y Avg. Asking Rent Change
  • 20.17% 2025 Office Vacancy Rate
  • $132M2025 Total Office Sales
  • $78.13Avg. Sale Price/SF

What is the average asking rent price for office space in Rockville?

Average asking rents for office space here stand at $37.02 per square foot. The local office market recorded an average vacancy rate of 20.17% in 2025, unchanged from 20.17% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $132M across 15 sales. These transactions commanded an average sale price per square foot of $78.13.

Rockville, MD Office Asking Rents by Class

What is the average office rent per square foot by property class in Rockville?

  • Avg. Asking Rent Class A & A+$40.95
  • Avg. Asking Rent Class B$32.40
  • Avg. Asking Rent Class C$24.33

The average asking rent for Class A and A+ office space stood at $40.95 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Rockville averaged $32.40 per square foot, while the average for Class C space was $24.33 per square foot.

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.

Rockville, MD Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Rockville was South Rockville at 17.51%. Meanwhile, the highest office vacancy rate in the market was 19.28%, recorded in North Rockville.
Submarket Asking Rents Vacancy Rates
North Rockville $39.08 19.28%
South Rockville $35.46 17.51%
Data provided by Yardi Research

Explore Top Office Markets in Maryland

2025 Office Sales Volume

  • $78.132025 Avg. Price per SF
  • 22.96%Y-o-Y Avg. PpSF Change
  • $132M2025 Office Sales Volume
  • 152025 Number of Transactions

What is the average sale price per square foot for office space in Rockville?

Average sale prices for office space in this market recorded a +22.96% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $78.13 per square foot. For comparison, the statewide Maryland average during the same time period stood at $106.23 per square foot, while the national average was $182.48 per square foot.

Rockville, MD Sale Price per SF Trend

  • Rockville Avg. Sale Price per SF in 2025$78.13
  • Maryland Avg. Sale Price per SF in 2025$106.23

What was the total office sales volume in Rockville in 2025?

The local office market recorded 15 deals in 2025, adding up to a yearly sales volume of $132M.

  • Rockville, MD Total Office Sales Volume in 2025 $132M
  • Rockville, MD Total Number of Office Sales Closed in 2025 15

What were the largest office building sales in Rockville in 2025?

The market’s largest transaction last year was the sale of Grove 270 - 9231 Building, The for $11,240,100 on 3/13/2025.
The next-highest sale was the transaction involving Grove 270 - 9200 Building, The, which traded for $11,166,610. The third-largest transaction was the sale of Rockville Metro Plaza II for $10,750,000.

Property name Address Date Price
Grove 270 - 9231 Building, The 9231 Corporate Blvd 3/13/2025 $11,240,100
Grove 270 - 9200 Building, The 9200 Corporate Blvd 3/13/2025 $11,166,610
Rockville Metro Plaza II 1 Choice Hotels Circle 2/11/2025 $10,750,000
Kaiser Permanente Regional Headquarters 2101 East Jefferson Street 5/15/2025 $10,325,000
1901 Research Blvd 1901 Research Blvd 9/24/2025 $10,000,000
Data provided by Yardi Research

Office Construction in Rockville, MD

What are the largest recent office completions in Rockville?

The largest recent office completion here is Pike & Rose - 915 Meeting Street at 275,700 square feet, completed in 2023. The next largest completions are The District at King Farm - District IV and Pike & Rose - 909 Rose Avenue.

Office building Address SF Completed
Traville Gateway 9810 Darnestown Road, 20850 192,000 2024
Pike & Rose - 915 Meeting Street 915 Meeting Street, 20852 275,700 2023
9808 Medical Center Drive 9808 Medical Center Drive, 20850 97,196 2023
Pike & Rose - 909 Rose Avenue 909 Rose Avenue, 20852 212,000 2020
Pike & Rose 11810 Grand Park Avenue, 20852 61,215 2015
121 Rockville Pike 121 Rockville Pike, 20850 197,377 2013
Redland Corporate Center III 530 Gaither Road, 20850 208,344 2009
2000 Tower Oaks Blvd 2000 Tower Oaks Blvd, 20852 200,405 2008
The Preserve@Tower Oaks 1 Preserve Parkway, 20852 193,508 2008
The District at King Farm - District IV 805 King Farm Blvd, 20850 224,258 2007
Data provided by Yardi Research

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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.