Commercial Real Estate Market in Greensboro, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 103 off-market properties in Greensboro, MD.
Market Trends
Greensboro, MD spans 33.1 square miles in Caroline County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greensboro, 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 Greensboro, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Greensboro, 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 Greensboro, 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 71.3%
- Civic 17%
- Industrial 7.1%
- Commercial 4.5%
Largest Zones share of zoned land by district
Single Family Residential
Public Semi Public Utility
Essential Government Service
Central Commercial
Industrial 2
Greensboro, MD zones 686 acres across 10 districts. Commercial zoning covers 4.5% of zoned land, residential 71.3% and industrial 7.1%. The largest single district is Single Family Residential at 68.6%. For commercial buyers the practical constraint is that only 11.7% of land carries a commercial or industrial designation.
Public Semi Public Utility (PSU)
PSU Public, Semi-Public, Utility Zone Overlay and Floating Districts CAO Critical Area Overlay Zone FCD Floating Commercial District TRC Town Residential/Commercial Mixed Use District CH Cottage Housing District § 10.03 - Application of Regulations. No building or land shall hereafter be used and no building or part thereof shall be erected, moved or altered…
Market overview
Demographics & Economy
Greensboro, MD has 4,354 residents in 1,890 households. Density runs 132 people per square mile. Median household income here is $59,274 and median gross rent $1,017 a month.
4,354
Population
1,890
Households
2.3
Avg Household Size
39
Median Age
12%
College-Educated
83%
High-School Grad
33.1 sq mi
ZIP Area
132
Density / Sq Mi
$59,274
Median Household Income
$48,787
Median Earnings
$1,017
Median Rent
$270,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ridgely | — | — |
| Goldsboro | — | — |
| Denton | — | — |
| Henderson | — | — |
Commercial property in Greensboro, MD asks $171/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greensboro?
Commercial property in Greensboro, MD asks an average of $171 per square foot. The 4 most recent recorded sales traded at a median of $87/SF, so asking sits 97% above the achieved median.
What zoning applies to commercial property in Greensboro?
Greensboro, MD zones 686 acres across 10 districts, of which 4.5% is commercial and 7.1% industrial. The largest single district is Single Family Residential at 68.6% of zoned land. Residential zoning covers 71.3% and open space 0%.
Where does Realmo's Greensboro market data come from?
Realmo compiles Greensboro, MD figures from 6 recent recorded sales, 9 active sale listings, 1 active lease listings, 103 tracked off-market properties, the current Greensboro zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 1 active for-lease listings in Greensboro, 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: 686 zoned acres across 10 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
