Commercial Real Estate Market in Chester, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 208 off-market properties in Chester, MD.
Market Trends
Chester, MD spans 9.3 square miles in Queen Anne's County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Chester, 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 Chester, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Chester, 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 Chester, 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
Chester, MD has 6,598 residents in 3,002 households. Density runs 710 people per square mile. Median household income here is $100,359 and median gross rent $1,845 a month.
6,598
Population
3,002
Households
2.2
Avg Household Size
48
Median Age
37%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
710
Density / Sq Mi
$100,359
Median Household Income
$55,450
Median Earnings
$1,845
Median Rent
$459,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Stevensville | — | $19.16 |
| Grasonville | — | — |
| Queenstown | — | — |
| Saint Michaels | — | — |
Frequently Asked Questions
How much does it cost to lease commercial space in Chester?
Asking lease rates in Chester, MD average $2.45 per square foot per year.
Where does Realmo's Chester market data come from?
Realmo compiles Chester, MD figures from 7 recent recorded sales, 4 active sale listings, 13 active lease listings, 208 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 4 active for-sale and 13 active for-lease listings in Chester, 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
