Commercial Real Estate Market in Greenbelt, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
45 active listings and 514 off-market properties in Greenbelt, MD. Commercial property asks $338/SF to buy and $24.33/SF/Yr to lease.
Market Trends
Greenbelt, MD spans 8.7 square miles in Prince George's County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greenbelt, 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 Greenbelt, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Greenbelt, 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 Greenbelt, 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
- Agricultural 47.3%
- Residential 34.7%
- Mixed use 18%
Largest Zones share of zoned land by district
Reserved Open Space Zone
Agriculture And Preservation Zone
Single Family Attached Residential Zone
Rural Residential Zone
Single Family 65 Residential Zone
Reserved Open Space Zone (ROS)
The purposes of the Reserved Open Space (ROS) Zone are to encourage the preservation of large areas of agriculture, trees, and open spaces, to ensure the retention of certain areas for no intensive, active, or passive recreation uses.
Market overview
Demographics & Economy
Greenbelt, MD has 28,615 residents in 12,737 households. Density runs 3,306 people per square mile. Median household income here is $84,125 and median gross rent $1,823 a month.
28,615
Population
12,737
Households
2.2
Avg Household Size
35
Median Age
43%
College-Educated
90%
High-School Grad
8.7 sq mi
ZIP Area
3,306
Density / Sq Mi
$84,125
Median Household Income
$48,773
Median Earnings
$1,823
Median Rent
$249,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Berwyn Heights | — | — |
| New Carrollton | — | — |
| Beltsville | — | $13.75 |
| Seabrook | — | — |
Commercial property in Greenbelt, MD asks $338/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greenbelt?
Commercial property in Greenbelt, MD asks an average of $338 per square foot. The 6 most recent recorded sales traded at a median of $183/SF, so asking sits 84% above the achieved median.
How much does it cost to lease commercial space in Greenbelt?
Asking lease rates in Greenbelt, MD average $24.33 per square foot per year.
Where does Realmo's Greenbelt market data come from?
Realmo compiles Greenbelt, MD figures from 7 recent recorded sales, 23 active sale listings, 22 active lease listings, 514 tracked off-market properties, the current Greenbelt zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 23 active for-sale and 22 active for-lease listings in Greenbelt, 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: 3,278 zoned acres across 13 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
