Commercial Real Estate Market in Bel Air, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
114 active listings and 918 off-market properties in Bel Air, MD. Commercial property asks $209/SF to buy and $22.55/SF/Yr to lease.
Market Trends
Bel Air, MD spans 45.2 square miles in Harford County, Maryland. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Bel Air, MD runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Bel Air, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Bel Air, 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
Multifamily vacancy in Bel Air, MD runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Market overview
Demographics & Economy
Bel Air, MD has 68,795 residents in 26,559 households. Density runs 1,523 people per square mile. Median household income here is $124,163 and median gross rent $1,641 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Bel Air?
How much does it cost to lease commercial space in Bel Air?
Where does Realmo's Bel Air market data come from?
Methodology & data sources
- Asking prices and medians
- There are 40 active for-sale and 74 active for-lease listings in Bel Air, MD. The medians are based on 20 of the for-sale and 18 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.
- 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
