Commercial Real Estate Market in Gaithersburg, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
227 active listings and 3,002 off-market properties in Gaithersburg, MD. Commercial property asks $81/SF to buy and $18.52/SF/Yr to lease.
Market Trends
Gaithersburg, MD spans 76.7 square miles in Montgomery County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gaithersburg, 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 Gaithersburg, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Gaithersburg, 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 Gaithersburg, MD runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Mixed use 33.2%
- Residential 33%
- Civic 14.2%
- Commercial 9%
- Industrial 8.2%
Largest Zones share of zoned land by district
Mixed Use Development
Low Density Residential
Medium Density Residential
Medium Density Planned Residential
Medium Density Residential
Mixed Use Development (MXD)
The purpose of MXD zone is to provide a more flexible approach to the comprehensive design and development of multi use projects
Market overview
Demographics & Economy
Gaithersburg, MD has 179,407 residents in 65,661 households. Density runs 2,340 people per square mile. Median household income here is $119,741 and median gross rent $1,973 a month.
179,407
Population
65,661
Households
2.7
Avg Household Size
38
Median Age
52%
College-Educated
89%
High-School Grad
76.7 sq mi
ZIP Area
2,340
Density / Sq Mi
$119,741
Median Household Income
$58,967
Median Earnings
$1,973
Median Rent
$536,297
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Suburb Maryland Fac | — | — |
| Montgomery Village | — | — |
| Washington Grove | — | — |
| Derwood | — | — |
Commercial property in Gaithersburg, MD asks $81/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gaithersburg?
Commercial property in Gaithersburg, MD asks an average of $81 per square foot. The 8 most recent recorded sales traded at a median of $490/SF.
How much does it cost to lease commercial space in Gaithersburg?
Asking lease rates in Gaithersburg, MD average $18.52 per square foot per year.
Where does Realmo's Gaithersburg market data come from?
Realmo compiles Gaithersburg, MD figures from 8 recent recorded sales, 130 active sale listings, 97 active lease listings, 3,002 tracked off-market properties, the current Gaithersburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 130 active for-sale and 97 active for-lease listings in Gaithersburg, 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.
- Zoning and land use
- The current municipal zoning release: 5,337 zoned acres across 19 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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
