Commercial Real Estate Market in Leonardtown, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
25 active listings and 318 off-market properties in Leonardtown, MD.
Market Trends
Leonardtown, MD spans 61.4 square miles in St. Mary's County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Leonardtown, 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 Leonardtown, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Leonardtown, 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 Leonardtown, 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
- Planned_development 55.4%
- Civic 23.7%
- Residential 12%
- Commercial 8.9%
Largest Zones share of zoned land by district
Planned Urban Development
Institutional Office
Residential Single Family
Commercial Business
Multiple Family Residential
Planned Urban Development (PUDM)
MF Multiple-Family Residential District § 155-16 Permitted uses. § 155-17 Special exception uses. § 155-18 Height, bulk and area requirements. § 155-19 Additional criteria. Article IV Mixed Use Planned Unit Development (PUD-M) § 155-20 Purpose. § 155-21 Development principles. § 155-22 Open space criteria. § 155-23 General criteria. § 155-24 Application and…
Market overview
Demographics & Economy
Leonardtown, MD has 15,298 residents in 6,158 households. Density runs 249 people per square mile. Median household income here is $139,688 and median gross rent $1,726 a month.
15,298
Population
6,158
Households
2.5
Avg Household Size
41
Median Age
42%
College-Educated
92%
High-School Grad
61.4 sq mi
ZIP Area
249
Density / Sq Mi
$139,688
Median Household Income
$75,758
Median Earnings
$1,726
Median Rent
$464,000
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
How much does it cost to lease commercial space in Leonardtown?
Asking lease rates in Leonardtown, MD average $12.95 per square foot per year.
Where does Realmo's Leonardtown market data come from?
Realmo compiles Leonardtown, MD figures from 8 recent recorded sales, 18 active sale listings, 7 active lease listings, 318 tracked off-market properties, the current Leonardtown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 7 active for-lease listings in Leonardtown, 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: 2,524 zoned acres across 9 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
