2024 Office Space Rent & Sales
- $27.34 2024 Avg. Asking Rent
- 18.99% 2024 Office Vacancy Rate
Timonium office price per square foot in 2024 was $27.34 on average. The local office market recorded an average vacancy rate of 18.99% 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
Timonium, MD Office Asking Rents by Class
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2024 Office Construction in Timonium, MD
| Office building | Address | SF | Completed |
|---|---|---|---|
| Greenspring Corporate Center - 1922 Greenspring Drive | 1922 Greenspring Drive, 21093 | 33,345 | 1991 |
| Turf Village | 2300 York Road, 21093 | 31,802 | 1989 |
| 2331 York Rd | 2331 York Rd, 21093 | 20,707 | 1987 |
| Yorkridge Center South - 1850 York Road | 1850 York Road, 21093 | 42,042 | 1985 |
| Greenspring Corporate Center - 1920 Greenspring Drive | 1920 Greenspring Drive, 21093 | 36,920 | 1978 |
| The Padonia Building | 201 West Padonia Road, 21093 | 42,000 | 1972 |
| Pot Spring Professional Center | 1818 Pot Spring Road, 21093 | 34,764 | 1966 |
| 110 West Timonium Road | 110 West Timonium Road, 21093 | 79,304 | 1965 |
| Yorkridge Center South - 1830 & 1840 York Road | 1840 York Road, 21093 | 59,172 | 1957 |
| 2430 York Road | 2430 York Rd, 21093 | 800 | 1948 |
Worth noting among recent office completions on the Timonium market is Greenspring Corporate Center - 1922 Greenspring Drive, which is currently the largest new office development in the city, at 33,345 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 Timonium 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.