Commercial Real Estate Market in Manchester, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 272 off-market properties in Manchester, MD. Commercial property asks $189/SF to buy and $14.50/SF/Yr to lease.
Market Trends
Manchester, MD spans 40.6 square miles in Carroll County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Manchester, 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 Manchester, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Manchester, 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 Manchester, MD runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 68.5%
- Open space 23.7%
- Commercial 7.8%
Largest Zones share of zoned land by district
Medium Density Residence
Public Conservation
Suburban Residence
Community Residence
Local Business
Manchester, MD zones 1,528 acres across 8 districts. Commercial zoning covers 7.8% of zoned land, residential 68.5% and open space 23.7%. The largest single district is Medium Density Residence at 26.7%. For commercial buyers the practical constraint is that only 7.8% of land carries a commercial or industrial designation.
Public Conservation (C)
The purpose of this district is to prescribe a zoning category for those areas where, because of natural geographic factors and existing land uses, it is considered feasible and desirable to conserve open spaces, water supply sources, woodland areas, wildlife and other natural resources. This district may include extensive or steep-sloped areas, stream valle…
Market overview
Demographics & Economy
Manchester, MD has 12,100 residents in 4,513 households. Density runs 298 people per square mile. Median household income here is $119,535 and median gross rent $1,498 a month.
12,100
Population
4,513
Households
2.7
Avg Household Size
43
Median Age
32%
College-Educated
98%
High-School Grad
40.6 sq mi
ZIP Area
298
Density / Sq Mi
$119,535
Median Household Income
$58,900
Median Earnings
$1,498
Median Rent
$374,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Millers | — | — |
| Greenmount | — | — |
| Hampstead | — | — |
| Lineboro | — | — |
Commercial property in Manchester, MD asks $189/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Manchester?
Commercial property in Manchester, MD asks an average of $189 per square foot. The 6 most recent recorded sales traded at a median of $246/SF.
How much does it cost to lease commercial space in Manchester?
Asking lease rates in Manchester, MD average $14.50 per square foot per year.
What zoning applies to commercial property in Manchester?
Manchester, MD zones 1,528 acres across 8 districts, of which 7.8% is commercial and 0% industrial. The largest single district is Medium Density Residence at 26.7% of zoned land. Residential zoning covers 68.5% and open space 23.7%.
Where does Realmo's Manchester market data come from?
Realmo compiles Manchester, MD figures from 7 recent recorded sales, 10 active sale listings, 4 active lease listings, 272 tracked off-market properties, the current Manchester zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 4 active for-lease listings in Manchester, 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.
- Zoning and land use
- The current municipal zoning release: 1,528 zoned acres across 8 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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
