Commercial Real Estate Market in Millersville, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 293 off-market properties in Millersville, MD.
Market Trends
Millersville, MD spans 17.4 square miles in Anne Arundel County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Millersville, 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 Millersville, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Millersville, 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 Millersville, MD runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Millersville, MD has 18,065 residents in 6,526 households. Density runs 1,037 people per square mile. Median household income here is $146,556 and median gross rent $2,030 a month.
18,065
Population
6,526
Households
2.8
Avg Household Size
40
Median Age
54%
College-Educated
98%
High-School Grad
17.4 sq mi
ZIP Area
1,037
Density / Sq Mi
$146,556
Median Household Income
$61,218
Median Earnings
$2,030
Median Rent
$543,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gambrills | — | — |
| Crownsville | — | — |
| Odenton | — | — |
| Crofton | — | — |
Commercial property in Millersville, MD asks $555/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Millersville?
Commercial property in Millersville, MD asks an average of $555 per square foot. The 8 most recent recorded sales traded at a median of $1,782/SF.
Where does Realmo's Millersville market data come from?
Realmo compiles Millersville, MD figures from 8 recent recorded sales, 11 active sale listings, 12 active lease listings, 293 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 11 active for-sale and 12 active for-lease listings in Millersville, 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
