Commercial Real Estate Market in St Michaels, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
10 active listings and 228 off-market properties in St Michaels, MD. Commercial property asks $1,142/SF to buy and $17.77/SF/Yr to lease.
Market Trends
St Michaels, MD spans 12.2 square miles in Talbot County, Maryland. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in St Michaels, 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 St Michaels, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in St Michaels, 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 St Michaels, 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
St Michaels, MD has 3,142 residents in 2,110 households. Density runs 258 people per square mile. Median household income here is $81,932 and median gross rent $993 a month.
3,142
Population
2,110
Households
1.5
Avg Household Size
59
Median Age
50%
College-Educated
91%
High-School Grad
12.2 sq mi
ZIP Area
258
Density / Sq Mi
$81,932
Median Household Income
$49,273
Median Earnings
$993
Median Rent
$633,300
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in St Michaels?
Commercial property in St Michaels, MD asks an average of $1,142 per square foot. The 6 most recent recorded sales traded at a median of $480/SF, so asking sits 138% above the achieved median.
How much does it cost to lease commercial space in St Michaels?
Asking lease rates in St Michaels, MD average $17.77 per square foot per year.
Where does Realmo's St Michaels market data come from?
Realmo compiles St Michaels, MD figures from 7 recent recorded sales, 6 active sale listings, 4 active lease listings, 228 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 4 active for-lease listings in St Michaels, 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 30 September 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 30 September 2026 · report a data issue
