Commercial Real Estate Market in Kensington, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 371 off-market properties in Kensington, MD. Commercial property asks $842/SF to buy and $19.82/SF/Yr to lease.
Market Trends
Kensington, MD spans 4.1 square miles in Montgomery County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Kensington, 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 Kensington, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Kensington, 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 Kensington, 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 73.7%
- Mixed use 26.3%
- Industrial 0%
Largest Zones share of zoned land by district
Residential Detached 60
Commercial Residential Town
Commercial Residential Town
Commercial Residential Town
Commercial Residential Neighborhood
Kensington, MD zones 235 acres across 21 districts. The largest single district is Residential Detached 60 at 70.7%. For commercial buyers the practical constraint is that only 0% of land carries a commercial or industrial designation.
Residential Detached 60 (R-60)
The intent of the R 60 zone is to provide designated areas of the County for moderate density residential uses, the predominant use is residential in a detached house, a limited number of other building types may be allowed under the optional method of development
Market overview
Demographics & Economy
Kensington, MD has 19,753 residents in 7,316 households. Density runs 4,848 people per square mile. Median household income here is $169,527 and median gross rent $2,075 a month.
19,753
Population
7,316
Households
2.7
Avg Household Size
42
Median Age
74%
College-Educated
97%
High-School Grad
4.1 sq mi
ZIP Area
4,848
Density / Sq Mi
$169,527
Median Household Income
$88,513
Median Earnings
$2,075
Median Rent
$744,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Garrett Park | — | — |
| Wheaton | — | — |
| North Chevy Chase | — | — |
| North Bethesda | — | — |
Commercial property in Kensington, MD asks $842/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Kensington?
Commercial property in Kensington, MD asks an average of $842 per square foot. The 3 most recent recorded sales traded at a median of $262/SF, so asking sits 222% above the achieved median.
How much does it cost to lease commercial space in Kensington?
Asking lease rates in Kensington, MD average $19.82 per square foot per year.
What zoning applies to commercial property in Kensington?
Kensington, MD zones 235 acres across 21 districts, of which 0% is commercial and 0% industrial. The largest single district is Residential Detached 60 at 70.7% of zoned land. The intent of the R 60 zone is to provide designated areas of the County for moderate density residential uses, the predominant use is residential in a detached house, a limited number of other building types may be allowed under the optional method of development Residential zoning covers 73.7% and open space 0%.
Where does Realmo's Kensington market data come from?
Realmo compiles Kensington, MD figures from 3 recent recorded sales, 11 active sale listings, 8 active lease listings, 371 tracked off-market properties, the current Kensington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 8 active for-lease listings in Kensington, 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: 235 zoned acres across 21 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
