Commercial Real Estate Market in Luke, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Luke, MD spans 0.3 square miles in Allegany County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Luke, 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 Luke, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Luke, 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 space in Luke, MD asks $75/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Luke, MD has 85 residents in 55 households. Density runs 319 people per square mile. Median household income here is $73,125 and median gross rent $638 a month.
85
Population
55
Households
1.5
Avg Household Size
33
Median Age
14%
College-Educated
92%
High-School Grad
0.3 sq mi
ZIP Area
319
Density / Sq Mi
$73,125
Median Household Income
$34,904
Median Earnings
$638
Median Rent
$50,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Westernport | — | — |
| Piedmont | — | — |
| Bloomington | — | — |
| McCoole | — | — |
Methodology & data sources
- 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 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
