Commercial Real Estate Market in Silver Spring, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
285 active listings and 3,925 off-market properties in Silver Spring, MD. Commercial property asks $218/SF to buy and $23.50/SF/Yr to lease.
Market Trends
Silver Spring, MD spans 61.8 square miles in Montgomery County, Maryland. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Silver Spring, MD runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Silver Spring, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Silver 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%.
Multifamily
Multifamily vacancy in Silver Spring, MD runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Market overview
Demographics & Economy
Silver Spring, MD has 332,638 residents in 129,017 households. Density runs 5,379 people per square mile. Median household income here is $103,093 and median gross rent $1,905 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Silver Spring?
How much does it cost to lease commercial space in Silver Spring?
Where does Realmo's Silver Spring market data come from?
Methodology & data sources
- Asking prices and medians
- There are 189 active for-sale and 96 active for-lease listings in Silver Spring, MD. The medians are based on 132 of the for-sale and 17 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
