Commercial Real Estate Market in Lutherville Timonium, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
27 active listings and 253 off-market properties in Lutherville Timonium, MD. Commercial property asks $1,214/SF to buy and $34.00/SF/Yr to lease.
Market Trends
Lutherville Timonium, MD spans 20.2 square miles in Baltimore County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lutherville Timonium, MD runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Lutherville Timonium, MD asks $145/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Lutherville Timonium, MD asks $157/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
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.
38,677
Population
16,313
Households
2.4
Avg Household Size
47
Median Age
68%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
1,912
Density / Sq Mi
$121,771
Median Household Income
$70,188
Median Earnings
$1,581
Median Rent
$466,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Timonium | — | — |
| Lutherville | — | — |
| Towson | — | $22.45 |
| Riderwood | — | — |
Commercial property in Lutherville Timonium, MD asks $1,214/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lutherville Timonium?
Commercial property in Lutherville Timonium, MD asks an average of $1,214 per square foot. The 4 most recent recorded sales traded at a median of $272/SF, so asking sits 346% above the achieved median. Multifamily carries the highest asking price at $157/SF.
How much does it cost to lease commercial space in Lutherville Timonium?
Asking lease rates in Lutherville Timonium, MD average $34.00 per square foot per year.
Where does Realmo's Lutherville Timonium market data come from?
Realmo compiles Lutherville Timonium, MD figures from 7 recent recorded sales, 18 active sale listings, 9 active lease listings, 253 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 18 active for-sale and 9 active for-lease listings in Lutherville Timonium, 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
