Commercial Real Estate Market in Ocean City, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
172 active listings and 1,474 off-market properties in Ocean City, MD. Commercial property asks $1,346/SF to buy and $22.06/SF/Yr to lease.
Market Trends
Ocean City, MD spans 9.2 square miles in Worcester County, Maryland. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Ocean City, 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 Ocean City, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Ocean City, 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 Ocean City, 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
Ocean City, MD has 11,104 residents in 32,684 households. Density runs 1,212 people per square mile. Median household income here is $75,372 and median gross rent $1,258 a month.
11,104
Population
32,684
Households
0.3
Avg Household Size
53
Median Age
39%
College-Educated
95%
High-School Grad
9.2 sq mi
ZIP Area
1,212
Density / Sq Mi
$75,372
Median Household Income
$40,189
Median Earnings
$1,258
Median Rent
$415,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ocean Pines | — | — |
| Berlin | — | $24.58 |
Commercial property in Ocean City, MD asks $1,346/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ocean City?
Commercial property in Ocean City, MD asks an average of $1,346 per square foot. The 6 most recent recorded sales traded at a median of $428/SF, so asking sits 215% above the achieved median.
How much does it cost to lease commercial space in Ocean City?
Asking lease rates in Ocean City, MD average $22.06 per square foot per year.
Where does Realmo's Ocean City market data come from?
Realmo compiles Ocean City, MD figures from 6 recent recorded sales, 129 active sale listings, 43 active lease listings, 1,474 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 129 active for-sale and 43 active for-lease listings in Ocean City, 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 30 September 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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 30 September 2026 · report a data issue
