Commercial Real Estate Market in Sandy Spring, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 24 off-market properties in Sandy Spring, MD.
Market Trends
Sandy Spring, MD spans 15.4 square miles in Montgomery County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Sandy Spring, 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 Sandy Spring, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Sandy Spring, 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 Sandy Spring, 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
Sandy Spring, MD has 19,779 residents in 6,715 households. Density runs 1,285 people per square mile. Median household income here is $155,023 and median gross rent $1,955 a month.
19,779
Population
6,715
Households
2.9
Avg Household Size
45
Median Age
56%
College-Educated
95%
High-School Grad
15.4 sq mi
ZIP Area
1,285
Density / Sq Mi
$155,023
Median Household Income
$65,651
Median Earnings
$1,955
Median Rent
$642,986
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ashton | — | — |
| Olney | — | $28.84 |
| Brinklow | — | — |
| Brookeville | — | — |
Commercial property in Sandy Spring, MD asks $1,015/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Sandy Spring?
Commercial property in Sandy Spring, MD asks an average of $1,015 per square foot.
Where does Realmo's Sandy Spring market data come from?
Realmo compiles Sandy Spring, MD figures from 2 recent recorded sales, 10 active sale listings, 2 active lease listings, 24 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 2 active for-lease listings in Sandy Spring, 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
