Commercial Real Estate Market in Callaway, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 31 off-market properties in Callaway, MD. Commercial property asks $200/SF to buy and $14.29/SF/Yr to lease.
Market Trends
Callaway, MD spans 4.3 square miles in St. Mary's County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Callaway, MD runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Callaway, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Callaway, MD 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 vacancy in Callaway, MD runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Callaway, MD has 1,588 residents in 426 households. Density runs 371 people per square mile. Median household income here is $154,188 and median gross rent $1,360 a month.
1,588
Population
426
Households
3.7
Avg Household Size
40
Median Age
17%
College-Educated
98%
High-School Grad
4.3 sq mi
ZIP Area
371
Density / Sq Mi
$154,188
Median Household Income
$70,956
Median Earnings
$1,360
Median Rent
$369,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Great Mills | — | — |
| Valley Lee | — | — |
| Tall Timbers | — | — |
| Park Hall | — | — |
Commercial property in Callaway, MD asks $200/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Callaway?
Commercial property in Callaway, MD asks an average of $200 per square foot.
How much does it cost to lease commercial space in Callaway?
Asking lease rates in Callaway, MD average $14.29 per square foot per year.
Where does Realmo's Callaway market data come from?
Realmo compiles Callaway, MD figures from 2 active sale listings, 2 active lease listings, 31 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 2 active for-lease listings in Callaway, MD. 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 31 August 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 August 2026 · report a data issue
