Commercial Real Estate Market in Govans, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
1,746 active listings and 21,844 off-market properties in Govans, MD. Commercial property asks $101/SF to buy and $18.44/SF/Yr to lease.
Market Trends
Govans, MD spans 4.6 square miles in Baltimore City County, Maryland. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Govans, MD asks $22.06/SF/Yr to lease. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in South region
Retail
Retail space in Govans, MD asks $23.60/SF/Yr to lease. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Govans, 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 Govans, 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
Govans, MD has 32,317 residents in 13,749 households. Density runs 7,047 people per square mile. Median household income here is $96,752 and median gross rent $1,328 a month.
32,317
Population
13,749
Households
2.4
Avg Household Size
39
Median Age
55%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
7,047
Density / Sq Mi
$96,752
Median Household Income
$57,600
Median Earnings
$1,328
Median Rent
$357,900
Median Home Value
Tools
Nearby Markets
Commercial property in Govans, MD asks $101/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Govans?
Commercial property in Govans, MD asks an average of $101 per square foot. The 4 most recent recorded sales traded at a median of $217/SF.
How much does it cost to lease commercial space in Govans?
Asking lease rates in Govans, MD average $18.44 per square foot per year. Office asks $22.06/SF/Yr as of Q2 26, up from $17.33/SF/Yr in Q1 26.
Where does Realmo's Govans market data come from?
Realmo compiles Govans, MD figures from 5 recent recorded sales, 1,086 active sale listings, 660 active lease listings, 21,844 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 1,086 active for-sale and 660 active for-lease listings in Govans, 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 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 30 September 2026 · How Realmo checks market page data · Report a data issue
