Commercial Real Estate Market in Gaithersburg, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
218 active listings and 3,002 off-market properties in Gaithersburg, MD. Commercial property asks $262/SF to buy and $17.44/SF/Yr to lease.
Market Trends
Gaithersburg, MD spans 76.7 square miles in Montgomery County, Maryland. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Gaithersburg, MD runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Gaithersburg, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily vacancy in Gaithersburg, MD runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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
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.
Tools
Lease vs Buy Breakeven
At $17.44/SF/Yr lease vs $262/SF buy → buying wins if held > 3.7 years.
At a 6.7% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Frequently Asked Questions
What is the median price per square foot for commercial property in Gaithersburg?
How much does it cost to lease commercial space in Gaithersburg?
Is it cheaper to lease or buy commercial space in Gaithersburg?
Where does Realmo's Gaithersburg market data come from?
Methodology & data sources
- Asking prices and medians
- There are 125 active for-sale and 93 active for-lease listings in Gaithersburg, MD. The medians are based on 49 of the for-sale and 15 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
