Commercial Real Estate Market in Grantsville, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 151 off-market properties in Grantsville, MD.
Market Trends
Grantsville, MD spans 97.9 square miles in Garrett County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Grantsville, 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 Grantsville, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Grantsville, 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 Grantsville, 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
- Residential 52%
- Civic 48%
Largest Zones share of zoned land by district
Town Residential District
Employment Center District
Town Center District
Suburban Residential District
Town Residential District (TR)
B. TR Town Residential District C. TC Town Center District D. EC Employment Center District Every parcel of land and every building or other structure in the Town, except as otherwise provided by law, shall be subject to the regulations, restrictions, and re quirements specified for the district in which it is located. 301 ZONING MAP The location of boundari…
Market overview
Demographics & Economy
Grantsville, MD has 4,029 residents in 1,742 households. Density runs 41 people per square mile. Median household income here is $69,677 and median gross rent $649 a month.
4,029
Population
1,742
Households
2.3
Avg Household Size
47
Median Age
21%
College-Educated
87%
High-School Grad
97.9 sq mi
ZIP Area
41
Density / Sq Mi
$69,677
Median Household Income
$35,809
Median Earnings
$649
Median Rent
$202,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Springs | — | — |
| Jennings | — | — |
| West Salisbury | — | — |
| Salisbury | — | — |
Frequently Asked Questions
How much does it cost to lease commercial space in Grantsville?
Asking lease rates in Grantsville, MD average $10.00 per square foot per year.
Where does Realmo's Grantsville market data come from?
Realmo compiles Grantsville, MD figures from 5 recent recorded sales, 3 active sale listings, 1 active lease listings, 151 tracked off-market properties, the current Grantsville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 1 active for-lease listings in Grantsville, 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: 677 zoned acres across 4 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
