Commercial Real Estate Market in Preston, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
9 active listings and 103 off-market properties in Preston, MD.
Market Trends
Preston, MD spans 52.7 square miles in Caroline County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Preston, 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 Preston, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Preston, 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 Preston, 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
- Commercial 74.4%
- Residential 16.1%
- Industrial 9.5%
Largest Zones share of zoned land by district
Single Family Residential
Multi Family Residential
Industrial
Neighborhood Commercial
Roadside Commercial
Preston, MD zones 359 acres across 5 districts. Commercial zoning covers 74.4% of zoned land, residential 16.1% and industrial 9.5%. The largest single district is Single Family Residential at 64.4%. For commercial buyers the practical constraint is that only 83.9% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
R-1 Single-Family Residential District. A. Statement of intent. The intent hereof is that this district shall provide uncongested, hazard-free residential neighborhoods which are comprised of single-family detached residences and compatible structures and uses. B. Permitted principal uses and structures. The following principal uses and structures shall be p…
Market overview
Demographics & Economy
Preston, MD has 4,798 residents in 2,041 households. Density runs 91 people per square mile. Median household income here is $85,608 and median gross rent $1,313 a month.
4,798
Population
2,041
Households
2.4
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
52.7 sq mi
ZIP Area
91
Density / Sq Mi
$85,608
Median Household Income
$45,305
Median Earnings
$1,313
Median Rent
$291,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bethlehem | — | — |
| Hurlock | — | — |
| Secretary | — | — |
| Federalsburg | — | — |
Commercial property in Preston, MD asks $37/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Preston?
Commercial property in Preston, MD asks an average of $37 per square foot. The 7 most recent recorded sales traded at a median of $113/SF.
What zoning applies to commercial property in Preston?
Preston, MD zones 359 acres across 5 districts, of which 74.4% is commercial and 9.5% industrial. The largest single district is Single Family Residential at 64.4% of zoned land. R-1 Single-Family Residential District. A. Statement of intent. The intent hereof is that this district shall provide uncongested, hazard-free residential neighborhoods which are comprised of single-family detached residences and compatible structures and uses. B. Permitted principal uses and structures. The following principal uses and structures shall be p… Residential zoning covers 16.1% and open space 0%.
Where does Realmo's Preston market data come from?
Realmo compiles Preston, MD figures from 7 recent recorded sales, 7 active sale listings, 2 active lease listings, 103 tracked off-market properties, the current Preston zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 2 active for-lease listings in Preston, 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: 359 zoned acres across 5 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
