Commercial Real Estate Market in Laurel, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
117 active listings and 1,985 off-market properties in Laurel, MD. Commercial property asks $288/SF to buy and $23.27/SF/Yr to lease.
Market Trends
Laurel, MD spans 56.6 square miles in Prince George's County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Laurel, 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 Laurel, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Laurel, 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 Laurel, 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 34.6%
- Planned_development 24.6%
- Commercial 15.4%
- Civic 12.4%
- Industrial 6.8%
- Mixed use 4.5%
Largest Zones share of zoned land by district
Single Family Detached
Planned Unit Development Existing
Public Institutional
Planned Development Area Existing
Multifamily Medium Density
Single Family Detached (R-55)
The purpose of R-55 zone is to provide for and encourage variation in the size, shape, and width of one family detached residential subdivision lots, in order to better utilize the natural terrain, to facilitate the planning of higher density one family residential developments with small lots and dwellings of various sizes and styles, to encourage the prese…
Market overview
Demographics & Economy
Laurel, MD has 120,050 residents in 46,549 households. Density runs 2,119 people per square mile. Median household income here is $107,768 and median gross rent $1,943 a month.
120,050
Population
46,549
Households
2.6
Avg Household Size
36
Median Age
49%
College-Educated
91%
High-School Grad
56.6 sq mi
ZIP Area
2,119
Density / Sq Mi
$107,768
Median Household Income
$59,515
Median Earnings
$1,943
Median Rent
$441,428
Median Home Value
Tools
Lease vs Buy Breakeven
At $23.27/SF/Yr lease vs $288/SF buy → buying wins if held > 2.2 years.
At a 8.1% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Scaggsville | — | — |
| Savage | — | — |
| Fulton | — | — |
| Annapolis Junction | — | — |
Commercial property in Laurel, MD asks $288/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Laurel?
Commercial property in Laurel, MD asks an average of $288 per square foot. The 7 most recent recorded sales traded at a median of $444/SF.
How much does it cost to lease commercial space in Laurel?
Asking lease rates in Laurel, MD average $23.27 per square foot per year.
Is it cheaper to lease or buy commercial space in Laurel?
Buying beats leasing in Laurel, MD if the property is held longer than 2.2 years, comparing $23.27/SF/Yr asking rent with $288/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Laurel market data come from?
Realmo compiles Laurel, MD figures from 7 recent recorded sales, 59 active sale listings, 58 active lease listings, 1,985 tracked off-market properties, the current Laurel zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 59 active for-sale and 58 active for-lease listings in Laurel, 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: 2,564 zoned acres across 24 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
