Commercial Real Estate Market in Chevy Chase, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
31 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 August 2026.
Office
Office vacancy in Chevy Chase, 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 Chevy Chase, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Chevy Chase, 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
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.
31,517
Population
14,192
Households
2.2
Avg Household Size
46
Median Age
85%
College-Educated
98%
High-School Grad
5.4 sq mi
ZIP Area
5,853
Density / Sq Mi
$198,243
Median Household Income
$106,711
Median Earnings
$2,408
Median Rent
$1,230,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Somerset | — | — |
| Chevy Chase Village | — | — |
| Bethesda | — | $31.38 |
| Glen Echo | — | — |
Commercial property in Chevy Chase, MD asks $986/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chevy Chase?
Commercial property in Chevy Chase, MD asks an average of $986 per square foot. The 8 most recent recorded sales traded at a median of $2,278/SF.
Where does Realmo's Chevy Chase market data come from?
Realmo compiles Chevy Chase, MD figures from 8 recent recorded sales, 25 active sale listings, 6 active lease listings, 1,793 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 25 active for-sale and 6 active for-lease listings in Chevy Chase, 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
