Commercial Real Estate Market in Germantown, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
67 active listings and 1,211 off-market properties in Germantown, MD.
Market Trends
Germantown, MD spans 33.5 square miles in Montgomery County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Germantown, 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 Germantown, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Germantown, 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 Germantown, 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
Germantown, MD has 88,942 residents in 32,160 households. Density runs 2,653 people per square mile. Median household income here is $110,725 and median gross rent $1,980 a month.
88,942
Population
32,160
Households
2.8
Avg Household Size
37
Median Age
50%
College-Educated
90%
High-School Grad
33.5 sq mi
ZIP Area
2,653
Density / Sq Mi
$110,725
Median Household Income
$57,942
Median Earnings
$1,980
Median Rent
$406,141
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Boyds | — | — |
| Gaithersburg | — | $18.52 |
| Clarksburg | — | — |
| Montgomery Village | — | — |
Frequently Asked Questions
Where does Realmo's Germantown market data come from?
Realmo compiles Germantown, MD figures from 7 recent recorded sales, 38 active sale listings, 29 active lease listings, 1,211 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 38 active for-sale and 29 active for-lease listings in Germantown, 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
