Commercial Real Estate Market in Damascus, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
36 active listings and 118 off-market properties in Damascus, MD. Commercial property asks $599/SF to buy and $13.00/SF/Yr to lease.
Market Trends
Damascus, MD spans 19.9 square miles in Montgomery County, Maryland. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Damascus, 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 Damascus, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Damascus, 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 Damascus, 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
Damascus, MD has 13,349 residents in 4,850 households. Density runs 671 people per square mile. Median household income here is $132,804 and median gross rent $1,675 a month.
13,349
Population
4,850
Households
2.8
Avg Household Size
39
Median Age
47%
College-Educated
93%
High-School Grad
19.9 sq mi
ZIP Area
671
Density / Sq Mi
$132,804
Median Household Income
$61,547
Median Earnings
$1,675
Median Rent
$478,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Clarksburg | — | — |
| Mount Airy | — | $24.95 |
Commercial property in Damascus, MD asks $599/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Damascus?
Commercial property in Damascus, MD asks an average of $599 per square foot. The 8 most recent recorded sales traded at a median of $270/SF, so asking sits 122% above the achieved median.
How much does it cost to lease commercial space in Damascus?
Asking lease rates in Damascus, MD average $13.00 per square foot per year.
Where does Realmo's Damascus market data come from?
Realmo compiles Damascus, MD figures from 8 recent recorded sales, 30 active sale listings, 6 active lease listings, 118 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 6 active for-lease listings in Damascus, 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 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
