Commercial Real Estate Market in Columbia, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
218 active listings and 1,659 off-market properties in Columbia, MD. Commercial property asks $92/SF to buy and $24.61/SF/Yr to lease.
Market Trends
Columbia, MD spans 29.4 square miles in Howard County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Columbia, 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 Columbia, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Columbia, 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 Columbia, 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
Columbia, MD has 99,628 residents in 41,963 households. Density runs 3,389 people per square mile. Median household income here is $125,741 and median gross rent $1,967 a month.
99,628
Population
41,963
Households
2.4
Avg Household Size
38
Median Age
63%
College-Educated
95%
High-School Grad
29.4 sq mi
ZIP Area
3,389
Density / Sq Mi
$125,741
Median Household Income
$66,885
Median Earnings
$1,967
Median Rent
$489,010
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dhs | — | — |
| Parcel Return Service | — | — |
| Washington | — | $32.81 |
| Crystal City | — | — |
Commercial property in Columbia, MD asks $92/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Columbia?
Commercial property in Columbia, MD asks an average of $92 per square foot. The 8 most recent recorded sales traded at a median of $303/SF.
How much does it cost to lease commercial space in Columbia?
Asking lease rates in Columbia, MD average $24.61 per square foot per year.
Where does Realmo's Columbia market data come from?
Realmo compiles Columbia, MD figures from 8 recent recorded sales, 66 active sale listings, 152 active lease listings, 1,659 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 66 active for-sale and 152 active for-lease listings in Columbia, 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
