Commercial Real Estate Market in Oakland, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
83 active listings and 585 off-market properties in Oakland, MD.
Market Trends
Oakland, MD spans 205.5 square miles in Garrett County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Oakland, 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 Oakland, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Oakland, 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 Oakland, 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
- Civic 43.1%
- Residential 37.1%
- Commercial 18.4%
- Planned_development 1.5%
Largest Zones share of zoned land by district
Suburban Residential
Town Center
Residential Institutional Professional
Town Residential
Central Business Area
Central Business Area (CBA)
Where the development of any property located in any zoning classification permitting industrial or commercial-type uses (CBA, EC and C Zones) is proposed, and where such district adjoins a residential district (SR, TR, and PD), the developer thereof shall be responsible for providing, to the satisfaction of the Zoning Administrator, reasonable screening and…
Market overview
Demographics & Economy
Oakland, MD has 13,499 residents in 8,395 households. Density runs 66 people per square mile. Median household income here is $65,302 and median gross rent $724 a month.
13,499
Population
8,395
Households
1.6
Avg Household Size
47
Median Age
26%
College-Educated
90%
High-School Grad
205.5 sq mi
ZIP Area
66
Density / Sq Mi
$65,302
Median Household Income
$39,255
Median Earnings
$724
Median Rent
$210,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mountain Lake Park | — | — |
| Loch Lynn Heights | — | — |
| Crellin | — | — |
| Hutton | — | — |
Frequently Asked Questions
Where does Realmo's Oakland market data come from?
Realmo compiles Oakland, MD figures from 7 recent recorded sales, 78 active sale listings, 5 active lease listings, 585 tracked off-market properties, the current Oakland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 78 active for-sale and 5 active for-lease listings in Oakland, 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: 1,725 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
