Commercial Real Estate Market in Phoenix, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 60 off-market properties in Phoenix, MD.
Market Trends
Phoenix, MD spans 21.0 square miles in Baltimore County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Phoenix, 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 Phoenix, 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 Phoenix, 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 Phoenix, 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
Phoenix, MD has 7,468 residents in 2,622 households. Density runs 355 people per square mile. Median household income here is $187,250.
7,468
Population
2,622
Households
2.8
Avg Household Size
46
Median Age
72%
College-Educated
98%
High-School Grad
21 sq mi
ZIP Area
355
Density / Sq Mi
$187,250
Median Household Income
$77,500
Median Earnings
$0
Median Rent
$662,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Jacksonville | — | — |
| Baldwin | — | — |
| Cockeysville | — | $17.66 |
| Lutherville Timonium | — | — |
Commercial property in Phoenix, MD asks $433/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Phoenix?
Commercial property in Phoenix, MD asks an average of $433 per square foot. The 3 most recent recorded sales traded at a median of $193/SF, so asking sits 124% above the achieved median. Multifamily carries the highest asking price at $157/SF.
Where does Realmo's Phoenix market data come from?
Realmo compiles Phoenix, MD figures from 3 recent recorded sales, 10 active sale listings, 4 active lease listings, 60 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 4 active for-lease listings in Phoenix, 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, 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 31 August 2026 · report a data issue
