Commercial Real Estate Market in Lutherville, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
9 active listings and 111 off-market properties in Lutherville, MD.
Market Trends
Lutherville, MD spans 20.2 square miles in Baltimore County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lutherville, 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, 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, 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, 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, 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 |
|---|---|---|
| Towson | — | $22.45 |
| Lutherville Timonium | — | — |
| Timonium | — | — |
| Riderwood | — | — |
Frequently Asked Questions
Where does Realmo's Lutherville market data come from?
Realmo compiles Lutherville, MD figures from 3 recent recorded sales, 9 active lease listings, 111 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 0 active for-sale and 9 active for-lease listings in Lutherville, 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 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
