Commercial Real Estate Market in Owings Mills, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
101 active listings and 776 off-market properties in Owings Mills, MD. Commercial property asks $396/SF to buy and $11.75/SF/Yr to lease.
Market Trends
Owings Mills, MD spans 29.7 square miles in Baltimore County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Owings Mills, MD runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Owings Mills, MD asks $145/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Owings Mills, 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 space in Owings Mills, MD asks $157/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Owings Mills, MD has 59,154 residents in 26,001 households. Density runs 1,991 people per square mile. Median household income here is $100,934 and median gross rent $1,817 a month.
59,154
Population
26,001
Households
2.3
Avg Household Size
37
Median Age
48%
College-Educated
95%
High-School Grad
29.7 sq mi
ZIP Area
1,991
Density / Sq Mi
$100,934
Median Household Income
$53,191
Median Earnings
$1,817
Median Rent
$370,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Garrison | — | — |
| McDonogh Run | — | — |
| Randallstown | — | — |
| Pikesville | — | — |
Commercial property in Owings Mills, MD asks $396/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Owings Mills?
Commercial property in Owings Mills, MD asks an average of $396 per square foot. The 3 most recent recorded sales traded at a median of $198/SF, so asking sits 100% above the achieved median. Multifamily carries the highest asking price at $157/SF.
How much does it cost to lease commercial space in Owings Mills?
Asking lease rates in Owings Mills, MD average $11.75 per square foot per year.
Where does Realmo's Owings Mills market data come from?
Realmo compiles Owings Mills, MD figures from 6 recent recorded sales, 40 active sale listings, 61 active lease listings, 776 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 40 active for-sale and 61 active for-lease listings in Owings Mills, 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
