Commercial Real Estate Market in Chesapeake City, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 101 off-market properties in Chesapeake City, MD.
Market Trends
Chesapeake City, MD spans 22.8 square miles in Cecil County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Chesapeake City, 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 Chesapeake City, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Chesapeake City, 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 Chesapeake City, 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
Chesapeake City, MD has 2,981 residents in 1,439 households. Density runs 131 people per square mile. Median household income here is $97,794 and median gross rent $858 a month.
2,981
Population
1,439
Households
2.1
Avg Household Size
49
Median Age
22%
College-Educated
91%
High-School Grad
22.8 sq mi
ZIP Area
131
Density / Sq Mi
$97,794
Median Household Income
$59,485
Median Earnings
$858
Median Rent
$353,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Elkton | — | $13.14 |
| Kirkwood | — | — |
| Newark | — | $17.68 |
| Warwick | — | — |
Commercial property in Chesapeake City, MD asks $165/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chesapeake City?
Commercial property in Chesapeake City, MD asks an average of $165 per square foot. The 5 most recent recorded sales traded at a median of $187/SF.
Where does Realmo's Chesapeake City market data come from?
Realmo compiles Chesapeake City, MD figures from 5 recent recorded sales, 10 active sale listings, 101 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 10 active for-sale and 0 active for-lease listings in Chesapeake City, 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
