Commercial Real Estate Market in Chestertown, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
71 active listings and 473 off-market properties in Chestertown, MD. Commercial property asks $1,195/SF to buy and $131.01/SF/Yr to lease.
Market Trends
Chestertown, MD spans 118.7 square miles in Kent County, Maryland. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Chestertown, 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 Chestertown, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Chestertown, 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 Chestertown, MD runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 46.8%
- Civic 14.1%
- Industrial 10.4%
- Commercial 10.2%
- Mixed use 5%
- Planned_development 5%
Largest Zones share of zoned land by district
Single Family Residential
Institutional
Multiple Family Residential
No Zoning
Low Density Residential
Single Family Residential (R-2)
The purpose of R-2 zone is to provide for single family residential development and accommodate relatively low density residential development and such accessory uses as may be necessary that are compatible with residential surroundings
Market overview
Demographics & Economy
Chestertown, MD has 12,726 residents in 6,259 households. Density runs 107 people per square mile. Median household income here is $76,094 and median gross rent $1,149 a month.
12,726
Population
6,259
Households
2
Avg Household Size
46
Median Age
43%
College-Educated
93%
High-School Grad
118.7 sq mi
ZIP Area
107
Density / Sq Mi
$76,094
Median Household Income
$39,432
Median Earnings
$1,149
Median Rent
$318,700
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Chestertown?
Commercial property in Chestertown, MD asks an average of $1,195 per square foot. The 5 most recent recorded sales traded at a median of $230/SF, so asking sits 419% above the achieved median.
How much does it cost to lease commercial space in Chestertown?
Asking lease rates in Chestertown, MD average $131.01 per square foot per year.
Where does Realmo's Chestertown market data come from?
Realmo compiles Chestertown, MD figures from 8 recent recorded sales, 50 active sale listings, 21 active lease listings, 473 tracked off-market properties, the current Chestertown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 50 active for-sale and 21 active for-lease listings in Chestertown, 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.
- Zoning and land use
- The current municipal zoning release: 1,719 zoned acres across 15 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 30 September 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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 30 September 2026 · report a data issue
