Commercial Real Estate Market in Silver Spring, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
191 active listings and 3,925 off-market properties in Silver Spring, MD. Commercial property asks $113/SF to buy and $19.22/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 August 2026.
Office
Office vacancy in Silver 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 Silver 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 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%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Silver 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
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.
332,638
Population
129,017
Households
2.6
Avg Household Size
38
Median Age
51%
College-Educated
87%
High-School Grad
61.8 sq mi
ZIP Area
5,379
Density / Sq Mi
$103,093
Median Household Income
$52,454
Median Earnings
$1,905
Median Rent
$550,354
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hillandale | — | — |
| Colesville | — | — |
| Calverton | — | — |
| Adelphi | — | — |
Commercial property in Silver Spring, MD asks $113/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Silver Spring?
Commercial property in Silver Spring, MD asks an average of $113 per square foot. The 8 most recent recorded sales traded at a median of $326/SF.
How much does it cost to lease commercial space in Silver Spring?
Asking lease rates in Silver Spring, MD average $19.22 per square foot per year.
Where does Realmo's Silver Spring market data come from?
Realmo compiles Silver Spring, MD figures from 8 recent recorded sales, 101 active sale listings, 90 active lease listings, 3,925 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 101 active for-sale and 90 active for-lease listings in Silver 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
