Home > Research > U.S. Leasing Market Reports Detail

Suburban Maryland

Suburban Maryland Office Market

Average Asking Rent (Price/SF)     $28.11
Vacancy Rate (%)       15.1%
Net Absortion (SF)     15,119

Suburban Maryland's office demand picked up slightly in the third quarter of 2019 after posting modestly negative absorption in the second quarter. Net absorption measured 15,119 square feet in the third-quarter 2019, yet year-to-date net absorption totals negative 66,154 square feet. The overall vacancy rate registered 15.1% at the end of the third quarter, down 20 basis points from the previous quarter. Asking rental rates have increased 1.8% over the past year, ticking up to $28.11/SF from $27.61/SF at third-quarter 2018.

Washington Metropolitan Area Office Market

Average Asking Rent (Price/SF)        $39.49
Vacancy Rate (%)          16.1%
Net Absorption (SF)      433,004

Office demand in the Washington metro area was positive during the third quarter but down from the previous quarter. The third quarter saw 433,004 square feet of net absorption in the region, led by Northern Virginia and with positive totals in all three substate areas. Net absorption registered 276,616 square feet in Northern Virginia, 141,269 square feet in the District of Columbia, and 15,119 square feet in Suburban Maryland. At 16.1%, the region's overall vacancy rate was 10 basis points lower than that of second-quarter 2019 and 10 basis points lower than the vacancy rate recorded one year ago.



Suburban Maryland Office Market Report
3Q19
Download the PDF
Washington Metropolitan Area Office Market Report
3Q19
Download the PDF
Washington Metropolitan Area Multifamily Market Report
3Q19
Download the PDF
The Grocery Store Effect
May 2019
Download the PDF
Opportunity Zones in the Mid-Atlantic
March 2019
Download the PDF
The Rise of Spec Suites
October 2018
Download the PDF
The Apartment Amenities Race
March 2018
Download the PDF
The Evolution of the Financial Services Industry
June 2017
Download the PDF
Washington Metro Area MegaTrends: A 2017 Update
March 2017
Download the PDF

Local Market Contact:

General Research Inquiries: