Commercial Real Estate Market in Montgomery Village, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 258 off-market properties in Montgomery Village, MD.
Market Trends
Montgomery Village, MD spans 18.4 square miles in Montgomery County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Montgomery Village, 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 Montgomery Village, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Montgomery Village, 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 Montgomery Village, 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
Montgomery Village, MD has 99,402 residents in 35,631 households. Density runs 5,415 people per square mile. Median household income here is $95,650 and median gross rent $1,871 a month.
99,402
Population
35,631
Households
2.8
Avg Household Size
36
Median Age
40%
College-Educated
83%
High-School Grad
18.4 sq mi
ZIP Area
5,415
Density / Sq Mi
$95,650
Median Household Income
$45,251
Median Earnings
$1,871
Median Rent
$420,399
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Suburb Maryland Fac | — | — |
| Gaithersburg | — | $18.52 |
| Washington Grove | — | — |
| Derwood | — | — |
Frequently Asked Questions
How much does it cost to lease commercial space in Montgomery Village?
Asking lease rates in Montgomery Village, MD average $30.00 per square foot per year.
Where does Realmo's Montgomery Village market data come from?
Realmo compiles Montgomery Village, MD figures from 4 recent recorded sales, 10 active sale listings, 2 active lease listings, 258 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 10 active for-sale and 2 active for-lease listings in Montgomery Village, 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
