Maryland borders the District of Columbia as well as Virginia and West Virginia, and its total economic output is 8th in the nation with a GDP of almost $415 billion. The University of Maryland is the largest private employer and the Department of Defense has a large presence with over 50,000 employees at Ft. Meade. Also, 15 major aerospace firms are here. The largest city is Baltimore with a population of about 625,000. Other cities with a lot of service businesses are Columbia (pop. 110,000), Silver Spring (pop. 82,000) and Bethesda (pop. 65,000).
The largest office buildings in Baltimore are Transamerica Tower (100 Light Street with 530,000 sq. ft. of commercial space), followed by the Bank of America Building (100 South Charles Street with 350,000 sq. ft. and Schaefer Tower at 6 Paul Street with 305,000 sq. ft. predominantly occupied by the Maryland Department of General Services
Columbia, Maryland's second largest city, has a number of large buildings. 6100 Merriweather Drive (a/k/a Tenable Headquarters) is a 12 story building with 350,000 LEED Silver-certified sq. ft. Tenable occupies 150,000 sq. ft. and this suburban skyscraper was built by the Howard Hughes Corporation. Overall, this company owns and controls over 700,000 sq. ft. of space in Downtown Columbia (about half of the total market). Interesting this is in Howard County - and the city was built according to a master plan with over 4.3 million sq. ft. of commercial office space in addition to 6,000 residential units, 1.3 million sq. ft. of retail and 650 hotel rooms.
Silver Spring Metro Plaza at 8401 Colesville Road and neighboring 8403 and 8405 encompass 655,000 sq. ft. of commercial office space. The Silver Spring Metro Center at 1325 East-West highway, encompasses 1.8 million sq. ft. of space and it includes the largest tenant in the state, NOAA's headquarters.
In Baltimore the average rental rate is currently $24.00 per sq. ft. with about 87% total occupancy. Baltimore is an independent city that is considered equivalent to a county. The relative size (volume) of the balance of the MD office markets is: Montgomery County 71,500,000 sq. ft. total / Prince Georges County 22,000,000 sq. ft. and Frederick County 6,500,000 sq. ft.
Office space sharing competes well with the coworking/executive suite sectors. Individual offices are offered for sublet in larger spaces occupied by various professional categories. Legal, Business & Medical. With the LookingForSpace.com database you can parse the individual listings by Occupation as well as areas of specialization. This leads to the capability of making very informed matches when it comes to introducing the sublessors to appropriate sublessees. And, because of this ability to filter spaces so exactly, we have a long history (since 2012) as well as a rather weighty accumulation of testimonials and client success stories. Add your listing - it works. Search listings for free - always!