Commercial Real Estate Market in Princess Anne, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
37 active listings and 298 off-market properties in Princess Anne, MD. Commercial property asks $835/SF to buy and $6.00/SF/Yr to lease.
Market Trends
Princess Anne, MD spans 114.8 square miles in Somerset County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Princess Anne, 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 Princess Anne, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Princess Anne, 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 Princess Anne, 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
Princess Anne, MD has 10,179 residents in 4,962 households. Density runs 89 people per square mile. Median household income here is $51,710 and median gross rent $973 a month.
10,179
Population
4,962
Households
2.1
Avg Household Size
33
Median Age
22%
College-Educated
91%
High-School Grad
114.8 sq mi
ZIP Area
89
Density / Sq Mi
$51,710
Median Household Income
$24,603
Median Earnings
$973
Median Rent
$167,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Easton Correctional Inst | — | — |
| Westover | — | — |
| Manokin | — | — |
| Oriole | — | — |
Commercial property in Princess Anne, MD asks $835/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Princess Anne?
Commercial property in Princess Anne, MD asks an average of $835 per square foot. The 3 most recent recorded sales traded at a median of $1/SF, so asking sits 89564% above the achieved median.
How much does it cost to lease commercial space in Princess Anne?
Asking lease rates in Princess Anne, MD average $6.00 per square foot per year.
Where does Realmo's Princess Anne market data come from?
Realmo compiles Princess Anne, MD figures from 6 recent recorded sales, 35 active sale listings, 2 active lease listings, 298 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 35 active for-sale and 2 active for-lease listings in Princess Anne, 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
