Silver Spring Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Silver Spring is $32.20 per square foot, 13.98% higher compared to the previous year.
  • The market’s vacancy rate stands at 19.51%, higher than the state average of Maryland, which is 17.50%.
  • Renting Class A/A+ office space here costs $34.55 per square foot, while Class B averages $27.10 and Class C stands at $24.00.

2025 Office Space Rent & Sales

  • $32.20 2025 Avg. Asking Rent
  • 13.98% Y-o-Y Avg. Asking Rent Change
  • 19.51% 2025 Office Vacancy Rate
  • $66.8M2025 Total Office Sales
  • $100.91Avg. Sale Price/SF

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

Average asking rents for office space here stand at $32.20 per square foot. The local office market recorded an average vacancy rate of 19.51% in 2025, unchanged from 19.51% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $66.8M across 7 sales. These transactions commanded an average sale price per square foot of $100.91.

Silver Spring, MD Office Asking Rents by Class

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

  • Avg. Asking Rent Class A & A+$34.55
  • Avg. Asking Rent Class B$27.10
  • Avg. Asking Rent Class C$24.00

The average asking rent for Class A and A+ office space stood at $34.55 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Silver Spring averaged $27.10 per square foot, while the average for Class C space was $24.00 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.

Silver Spring, MD Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Silver Spring was Silver Spring at 10.14%. Meanwhile, the highest office vacancy rate in the market was 23.27%, recorded in Silver Spring CBD.
Submarket Asking Rents Vacancy Rates
South Rockville $35.46 17.51%
Silver Spring CBD $33.26 23.27%
Silver Spring $28.23 10.14%
Data provided by Yardi Research

Explore Top Office Markets in Maryland

2025 Office Sales Volume

  • $100.912025 Avg. Price per SF
  • $66.8M2025 Office Sales Volume
  • 72025 Number of Transactions

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

Average sale prices for office space in this market recorded a -54.55% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $100.91 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.

Silver Spring, MD Sale Price per SF Trend

  • Silver Spring Avg. Sale Price per SF in 2025$100.91
  • Maryland Avg. Sale Price per SF in 2025$106.23

What was the total office sales volume in Silver Spring in 2025?

The local office market recorded 7 deals in 2025, adding up to a yearly sales volume of $66.8M.

  • Silver Spring, MD Total Office Sales Volume in 2025 $66.8M
  • Silver Spring, MD Total Number of Office Sales Closed in 2025 7
Data provided by Yardi Research

Office Construction in Silver Spring, MD

What are the largest recent office completions in Silver Spring?

The largest recent office completion here is Inventa Towers at 545,429 square feet, completed in 2003. The next largest completions are Downtown Silver Spring - 8515 Georgia Avenue and Silver Spring Centre.

Office building Address SF Completed
Downtown Silver Spring - 8515 Georgia Avenue 8515 Georgia Avenue, 20910 248,000 2004
Inventa Towers 1 Inventa Place, 20910 545,429 2003
Holy Cross Hospital POB 1400 Forest Glen Dr, 20910 68,439 2003
Silver Spring Centre 8455 Colesville Road, 20910 223,665 1987
Atrium @ Station Square 1010 Wayne Avenue, 20910 192,114 1987
Colewood Centre 10801 Lockwood Dr, 20901 71,468 1987
Single Offices - 1110 Bonifant St 1110 Bonifant St, 20910 46,927 1986
1110 Bonifant St 1110 Bonifant St, 20910 46,927 1986
Plaza @ Station Square 8484 Georgia Avenue, 20910 130,000 1985
Doctors Medical Park East & West Buildings 10301 Georgia Avenue, 20902 76,107 1985
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.