Commercial Real Estate Market in Salisbury, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
386 active listings and 2,617 off-market properties in Salisbury, MD. Commercial property asks $96/SF to buy and $10.92/SF/Yr to lease.
Market Trends
Salisbury, MD spans 108.7 square miles in Wicomico County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Salisbury, MD asks $13.80/SF/Yr to lease. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Salisbury, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Salisbury, 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 Salisbury, 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
- Residential 50.5%
- Industrial 25.9%
- Civic 6.7%
- Commercial 5.7%
- Open space 5.5%
- Planned_development 4.5%
- Mixed use 1.2%
Largest Zones share of zoned land by district
General Commercial District
Residential
Residential
Residential
Residential
Salisbury, MD zones 7,600 acres across 37 districts. Commercial zoning covers 5.7% of zoned land, residential 50.5%, open space 5.5% and industrial 25.9%. The largest single district is General Commercial District at 15%. For commercial buyers the practical constraint is that only 31.6% of land carries a commercial or industrial designation.
General Commercial District (GC)
The purpose of the general commercial district is to provide a wide range of functional and attractive regional retail, office, service, wholesale, storage, distributing and light manufacturing activities, to alleviate problems with traffic congestion and unnecessary turning movements, unified access and consolidation of businesses are encouraged because of…
Market overview
Demographics & Economy
Salisbury, MD has 71,232 residents in 28,876 households. Density runs 655 people per square mile. Median household income here is $68,119 and median gross rent $1,218 a month.
71,232
Population
28,876
Households
2.5
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
108.7 sq mi
ZIP Area
655
Density / Sq Mi
$68,119
Median Household Income
$36,072
Median Earnings
$1,218
Median Rent
$254,978
Median Home Value
Tools
Lease vs Buy Breakeven
At $10.92/SF/Yr lease vs $96/SF buy → buying wins if held > 1.1 years.
At a 11.4% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fruitland | — | — |
| Eden | — | — |
| Hebron | — | — |
| Delmar | — | — |
Commercial property in Salisbury, MD asks $96/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Salisbury?
Commercial property in Salisbury, MD asks an average of $96 per square foot. The 4 most recent recorded sales traded at a median of $787/SF.
How much does it cost to lease commercial space in Salisbury?
Asking lease rates in Salisbury, MD average $10.92 per square foot per year. Office asks $13.80/SF/Yr as of Q4 25, up from $8.33/SF/Yr in Q3 25.
Is it cheaper to lease or buy commercial space in Salisbury?
Buying beats leasing in Salisbury, MD if the property is held longer than 1.1 years, comparing $10.92/SF/Yr asking rent with $96/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Salisbury?
Salisbury, MD zones 7,600 acres across 37 districts, of which 5.7% is commercial and 25.9% industrial. The largest single district is General Commercial District at 15% of zoned land. The purpose of the general commercial district is to provide a wide range of functional and attractive regional retail, office, service, wholesale, storage, distributing and light manufacturing activities, to alleviate problems with traffic congestion and unnecessary turning movements, unified access and consolidation of businesses are encouraged because of… Residential zoning covers 50.5% and open space 5.5%.
Where does Realmo's Salisbury market data come from?
Realmo compiles Salisbury, MD figures from 6 recent recorded sales, 190 active sale listings, 196 active lease listings, 2,617 tracked off-market properties, the current Salisbury zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 190 active for-sale and 196 active for-lease listings in Salisbury, 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: 7,600 zoned acres across 37 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
