Phillips Building — Lease in Bethesda, MD

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Bethesda, MD 20814

Photos

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Description

Now available for lease, office Phillips Building located at 7900-7920 Norfolk Ave Bethesda, Maryland 20814. Available square footage 1,541 - 8,117 SF.

Market Context

This office in Bethesda, MD is listed for lease. Compare it against other office listings for lease in Bethesda, MD — view the full market.

As of Q1 2026, the Washington D.C. office market showed a 21.2% vacancy rate, and average asking rents near $60.00/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives tenants leverage and a wide set of comparables.

Office market FAQ

Is the Washington D.C. office market tightening or softening?
Vacancy is around 21.2% (Q1 2026).

Estimated Market Rate

$4.25/SF/mo – $5.75/SF/mo

Mid: $5.00/SF/mo

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