Commercial Real Estate Market in Forest Hill, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
48 active listings and 218 off-market properties in Forest Hill, MD. Commercial property asks $489/SF to buy and $9.67/SF/Yr to lease.
Market Trends
Forest Hill, MD spans 29.0 square miles in Harford County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Forest Hill, 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 Forest Hill, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Forest Hill, 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 Forest Hill, 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
Forest Hill, MD has 18,681 residents in 6,507 households. Density runs 644 people per square mile. Median household income here is $123,750 and median gross rent $1,646 a month.
18,681
Population
6,507
Households
2.9
Avg Household Size
44
Median Age
47%
College-Educated
96%
High-School Grad
29 sq mi
ZIP Area
644
Density / Sq Mi
$123,750
Median Household Income
$69,489
Median Earnings
$1,646
Median Rent
$439,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bel Air | — | — |
| Fallston | — | $12.40 |
| Benson | — | — |
| Street | — | — |
Commercial property in Forest Hill, MD asks $489/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Forest Hill?
Commercial property in Forest Hill, MD asks an average of $489 per square foot. The 4 most recent recorded sales traded at a median of $339/SF, so asking sits 44% above the achieved median.
How much does it cost to lease commercial space in Forest Hill?
Asking lease rates in Forest Hill, MD average $9.67 per square foot per year.
Where does Realmo's Forest Hill market data come from?
Realmo compiles Forest Hill, MD figures from 5 recent recorded sales, 20 active sale listings, 28 active lease listings, 218 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 20 active for-sale and 28 active for-lease listings in Forest Hill, 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
