Commercial Real Estate Market in Annapolis, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
182 active listings and 3,370 off-market properties in Annapolis, MD. Commercial property asks $465/SF to buy and $32.32/SF/Yr to lease (based on 9 listings).
Market Trends
Annapolis, MD spans 46.1 square miles in Anne Arundel County, Maryland. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Annapolis, MD runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Annapolis, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Annapolis, MD runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Across Anne Arundel County, multifamily space asks $195/SF to buy. Multifamily vacancy in Annapolis, MD runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 84.5%
- Commercial 5.1%
- Mixed use 4.2%
- Industrial 4.2%
- Civic 1.7%
Largest Zones share of zoned land by district
Annapolis, MD zones 4,559 acres across 31 districts. Commercial zoning covers 5.1% of zoned land, residential 84.5% and industrial 4.2%. The largest single district is Single Family Residence at 29.2%. For commercial buyers the practical constraint is that only 9.2% of land carries a commercial or industrial designation.
R2-NC (Neighborhood Conservation District). Development Review and Zoning I have my eye on a commercial building for a possible coffee shop but am apprehensive about signing a tenant lease. What should I do? Contact Planning and Zoning to determine if a coffee shop is permitted at this location and to see if there are any other zoning requirements. Iron out…
Market overview
Demographics & Economy
Annapolis, MD has 92,803 residents in 43,050 households. Density runs 2,013 people per square mile. Median household income here is $123,910 and median gross rent $2,011 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Annapolis?
How much does it cost to lease commercial space in Annapolis?
What zoning applies to commercial property in Annapolis?
Where does Realmo's Annapolis market data come from?
Methodology & data sources
- Asking prices and medians
- There are 104 active for-sale and 78 active for-lease listings in Annapolis, MD. The medians are based on 22 of the for-sale and 9 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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.
- Zoning and land use
- The current municipal zoning release: 4,559 zoned acres across 31 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 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 31 October 2026 · How Realmo checks market page data · Report a data issue
