Commercial Real Estate Market in Chevy Chase, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
65 active listings and 1,793 off-market properties in Chevy Chase, MD.
Market Trends
Chevy Chase, MD spans 5.4 square miles in Montgomery County, Maryland. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Chevy Chase, MD runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Chevy Chase, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Chevy Chase, 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 Chevy Chase, MD runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Market overview
Demographics & Economy
Chevy Chase, MD has 31,517 residents in 14,192 households. Density runs 5,853 people per square mile. Median household income here is $198,243 and median gross rent $2,408 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Bethesda | $281 | $31.75 |
| Kensington | $204 | $17.97 |
Commercial property in Chevy Chase, MD asks $346/SF. The 2 bordering markets run from $204/SF in Kensington to $281/SF in Bethesda, and the city sits above their $242/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Chevy Chase?
How does Chevy Chase compare to nearby markets on price?
Where does Realmo's Chevy Chase market data come from?
Methodology & data sources
- Asking prices and medians
- There are 59 active for-sale and 6 active for-lease listings in Chevy Chase, MD. The sale median is based on 46 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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
