UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported) November 3, 2004

                        Gladstone Commercial Corporation
             (Exact name of registrant as specified in its chapter)

          Maryland                        0-50363                 020681276
(State or other jurisdiction            (Commission             (IRS Employer
      of incorporation)                 File Number)         Identification No.)

      1616 Anderson Road, Suite 208
            McLean, Virginia                                         22102
(Address of principal executive offices)                           (Zip Code)

Registrant's telephone number, including area code: (703) 286-7000

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))



Item 2.02. Results of Operations and Financial Condition.

On November 3, 2004, Gladstone Commercial Corporation issued a press release
announcing its financial results for the third quarter ended September 30, 2004.
The text of the press release is included as an exhibit to this Form 8-K.
Pursuant to the rules and regulations of the Securities and Exchange Commission,
such exhibit and the information set forth therein and herein is deemed to be
furnished and shall not be deemed to be filed.

Item 9.01. Financial Statements and Exhibits.

      (a)   Not applicable.

      (b)   Not applicable.

      (c)   Exhibits.

            Exhibit No.     Description
            -----------     -----------

               99.1         Press release dated November 3, 2004




                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                             Gladstone Commercial Corporation
                                                       (Registrant)
November 3, 2004                                    By:/s/ Harry Brill
                                          --------------------------------------
                                          (Harry Brill, Chief Financial Officer)