Commercial Real Estate Market in Chevy Chase, DC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
3,258 active listings and 28,190 off-market properties in Chevy Chase, DC. Commercial property asks $251/SF to buy and $34.02/SF/Yr to lease.
Market Trends
Chevy Chase, DC spans 3.5 square miles in District of Columbia County, District of Columbia. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Chevy Chase, DC asks $32.35/SF/Yr to lease. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in South region
Retail
Retail space in Chevy Chase, DC asks $36.09/SF/Yr to lease. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Chevy Chase, DC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Chevy Chase, DC asks $343/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Chevy Chase, DC has 16,628 residents in 6,727 households. Density runs 4,784 people per square mile. Median household income here is $250,001 and median gross rent $2,088 a month.
16,628
Population
6,727
Households
2.5
Avg Household Size
45
Median Age
86%
College-Educated
96%
High-School Grad
3.5 sq mi
ZIP Area
4,784
Density / Sq Mi
$250,001
Median Household Income
$152,430
Median Earnings
$2,088
Median Rent
$1,208,700
Median Home Value
Tools
Lease vs Buy Breakeven
At $34.02/SF/Yr lease vs $251/SF buy → buying wins if held > 0.8 years.
At a 13.5% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bethesda | — | $32.52 |
| Takoma Park | — | — |
| Kensington | — | $19.82 |
Commercial property in Chevy Chase, DC asks $251/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chevy Chase?
Commercial property in Chevy Chase, DC asks an average of $251 per square foot. The 3 most recent recorded sales traded at a median of $633/SF. Multifamily carries the highest asking price at $343/SF.
How much does it cost to lease commercial space in Chevy Chase?
Asking lease rates in Chevy Chase, DC average $34.02 per square foot per year. Office asks $32.35/SF/Yr as of Q2 26, down from $36.08/SF/Yr in Q1 26.
Is it cheaper to lease or buy commercial space in Chevy Chase?
Buying beats leasing in Chevy Chase, DC if the property is held longer than 0.8 years, comparing $34.02/SF/Yr asking rent with $251/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Chevy Chase market data come from?
Realmo compiles Chevy Chase, DC figures from 7 recent recorded sales, 2,127 active sale listings, 1,131 active lease listings, 28,190 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2,127 active for-sale and 1,131 active for-lease listings in Chevy Chase, DC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
