Commercial Real Estate Market in Lutherville Timonium, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
38 active listings and 253 off-market properties in Lutherville Timonium, MD.
Market Trends
Lutherville Timonium, MD spans 20.2 square miles in Baltimore County, Maryland. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Lutherville Timonium, MD runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Across Baltimore County, retail space asks $181/SF to buy. Retail vacancy in Lutherville Timonium, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Lutherville Timonium, MD runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Across Baltimore County, multifamily space asks $147/SF to buy. Multifamily vacancy in Lutherville Timonium, MD runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Market overview
Demographics & Economy
Lutherville Timonium, MD has 38,677 residents in 16,313 households. Density runs 1,912 people per square mile. Median household income here is $121,771 and median gross rent $1,581 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Towson | $160 | $21.50 |
| Cockeysville | $345 | $18.75 |
Commercial property in Lutherville Timonium, MD asks $215/SF. The 2 bordering markets run from $160/SF in Towson to $345/SF in Cockeysville, and the city sits below their $252/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Lutherville Timonium?
How does Lutherville Timonium compare to nearby markets on price?
Where does Realmo's Lutherville Timonium market data come from?
Methodology & data sources
- Asking prices and medians
- There are 27 active for-sale and 11 active for-lease listings in Lutherville Timonium, MD. The sale median is based on 20 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
