Commercial Real Estate Market in Lexington Park, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
40 active listings and 433 off-market properties in Lexington Park, MD. Commercial property asks $251/SF to buy and $12.80/SF/Yr to lease.
Market Trends
Lexington Park, MD spans 33.2 square miles in St. Mary's County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lexington Park, 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 Lexington Park, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lexington Park, 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 Lexington Park, MD runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Lexington Park, MD has 25,180 residents in 11,696 households. Density runs 759 people per square mile. Median household income here is $97,923 and median gross rent $1,579 a month.
25,180
Population
11,696
Households
2.2
Avg Household Size
34
Median Age
34%
College-Educated
91%
High-School Grad
33.2 sq mi
ZIP Area
759
Density / Sq Mi
$97,923
Median Household Income
$55,396
Median Earnings
$1,579
Median Rent
$341,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Patuxent River Naval Air Sta | — | — |
| Park Hall | — | — |
| Solomons | — | $20.00 |
| California | — | $14.34 |
Commercial property in Lexington Park, MD asks $251/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lexington Park?
Commercial property in Lexington Park, MD asks an average of $251 per square foot. The 5 most recent recorded sales traded at a median of $114/SF, so asking sits 120% above the achieved median.
How much does it cost to lease commercial space in Lexington Park?
Asking lease rates in Lexington Park, MD average $12.80 per square foot per year.
Where does Realmo's Lexington Park market data come from?
Realmo compiles Lexington Park, MD figures from 8 recent recorded sales, 29 active sale listings, 11 active lease listings, 433 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 29 active for-sale and 11 active for-lease listings in Lexington Park, 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.
- 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
