Highlights
- The average rent for office space in Towson is $23.10 per square foot, 3.88% lower compared to the previous year.
- The market’s vacancy rate stands at 18.23%, higher than the state average of Maryland, which is 17.50%.
2025 Office Space Rent & Sales
- $23.10 2025 Avg. Asking Rent
- -3.88% Y-o-Y Avg. Asking Rent Change
- 18.23% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Towson?
Average asking rents for office space here stand at $23.10 per square foot. The local office market recorded an average vacancy rate of 18.23% in 2025, unchanged from 18.23% in 2024.
Towson, 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 Towson?
The largest recent office completion here is Towson Commons at 322,000 square feet, completed in 1992. The next largest completions are Towson Commons and Court Towers.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 6300 Blair Hill Lane | 6300 Blair Hill Lane, 21209 | 88,204 | 2015 |
| The CFG Tower | 1422 Clarkview Road, 21209 | 54,600 | 2008 |
| 1422 Clarkview Road | 1422 Clarkview Road, 21209 | 54,600 | 2007 |
| GBMC Physicians Pavilion North | 6535 North Charles Street, 21204 | 117,122 | 2005 |
| GBMC Physicians Pavilion West | 6569 North Charles Street, 21204 | 95,384 | 1993 |
| Towson Commons | 1 W Pennsylvania Ave, 21204 | 322,000 | 1992 |
| Towson Commons | 1 West Pennsylvania Avenue, 21204 | 212,000 | 1992 |
| O'Dea Building | 7505 Osler Drive, 21204 | 119,300 | 1991 |
| Court Towers | 210 West Pennsylvania Avenue, 21204 | 135,000 | 1989 |
| 100 West Road | 100 West Road, 21204 | 121,414 | 1988 |
See reports for other markets
- Baltimore Office Rent Price
- Rockville Office Rent Price
- Columbia Office Rent Price
- Annapolis Office Rent Price
- Bethesda Office Rent Price
- Gaithersburg Office Rent Price
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- Los Angeles Office Rent Price
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.