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Suburban Maryland

Suburban Maryland Office Market

Average Asking Rent (Price/SF)     $27.48
Vacancy Rate (%)       15.5%
Net Absortion (SF)   248,026

Suburban Maryland's office market saw strong demand and declining vacancy in the second quarter of 2018. Net absorption totaled 248,026 square feet during the second quarter, while the vacancy rate dropped 130 basis points from one year ago to 15.5%, the lowest figure since the fourth quarter of 2012.

Washington Metropolitan Area Office Market

Average Asking Rent (Price/SF)        $38.11
Vacancy Rate (%)          16.2%
Net Absorption (SF)   440,765

After a banner first quarter performance, demand in the Washington area's office market moderated during the second quarter with a total of 440,765 square feet of net absorption, a performance similar to that of one year ago. The region experienced positive absorption across all three substate areas for a fourth consecutive quarter. The Washington area's overall vacancy rate declined 30 basis points from one year ago to 16.2% but edged up 50 basis points from the prior quarter, largely as a result of five office deliveries in the District.



Suburban Maryland Office Market Report
2Q18
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Washington Metropolitan Area Office Market Report
2Q18
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Washington Metropolitan Area Multihousing Market Report
1Q18
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The Apartment Amenities Race
March 2018
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The Evolution of the Financial Services Industry
June 2017
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Washington Metro Area MegaTrends: A 2017 Update
March 2017
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State Of U.S. Office Leasing Concessions And The Outlook For 12 Major Cities
December 2016
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Scale of Disruption - The Sharing Economy's Effect On U.S. Commercial Real Estate
October 2016
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Political Control - Who Runs Washington and the Impact On Office Space Demand
July 2016
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The Impact of Office Space on Employee Productivity
February 2016
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