Commercial Real Estate Market in Severna Park, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
63 active listings and 241 off-market properties in Severna Park, MD.
Market Trends
Severna Park, MD spans 10.1 square miles in Anne Arundel County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Severna Park, 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 Severna Park, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Severna Park, 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 Severna Park, 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
Severna Park, MD has 28,593 residents in 10,329 households. Density runs 2,821 people per square mile. Median household income here is $169,835 and median gross rent $1,619 a month.
28,593
Population
10,329
Households
2.8
Avg Household Size
43
Median Age
60%
College-Educated
96%
High-School Grad
10.1 sq mi
ZIP Area
2,821
Density / Sq Mi
$169,835
Median Household Income
$87,575
Median Earnings
$1,619
Median Rent
$643,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pasadena | — | $26.93 |
| Sherwood Forest | — | — |
| Lake Shore | — | — |
| Arnold | — | — |
Commercial property in Severna Park, MD asks $1,646/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Severna Park?
Commercial property in Severna Park, MD asks an average of $1,646 per square foot. The 6 most recent recorded sales traded at a median of $538/SF, so asking sits 206% above the achieved median.
Where does Realmo's Severna Park market data come from?
Realmo compiles Severna Park, MD figures from 8 recent recorded sales, 60 active sale listings, 3 active lease listings, 241 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 60 active for-sale and 3 active for-lease listings in Severna Park, 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
