Commercial Real Estate Market in Takoma Park, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
35 active listings and 469 off-market properties in Takoma Park, MD. Commercial property asks $1,431/SF to buy and $31.67/SF/Yr to lease.
Market Trends
Takoma Park, MD spans 8.0 square miles in Montgomery County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Takoma 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 Takoma 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 Takoma 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 Takoma 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
Takoma Park, MD has 62,000 residents in 23,923 households. Density runs 7,724 people per square mile. Median household income here is $108,637 and median gross rent $1,648 a month.
62,000
Population
23,923
Households
2.6
Avg Household Size
38
Median Age
54%
College-Educated
88%
High-School Grad
8 sq mi
ZIP Area
7,724
Density / Sq Mi
$108,637
Median Household Income
$57,153
Median Earnings
$1,648
Median Rent
$612,410
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Langley Park | — | — |
| Chillum | — | — |
| Lewisdale | — | — |
| Adelphi | — | — |
Commercial property in Takoma Park, MD asks $1,431/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Takoma Park?
Commercial property in Takoma Park, MD asks an average of $1,431 per square foot. The 5 most recent recorded sales traded at a median of $198/SF, so asking sits 623% above the achieved median.
How much does it cost to lease commercial space in Takoma Park?
Asking lease rates in Takoma Park, MD average $31.67 per square foot per year.
Where does Realmo's Takoma Park market data come from?
Realmo compiles Takoma Park, MD figures from 8 recent recorded sales, 26 active sale listings, 9 active lease listings, 469 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 26 active for-sale and 9 active for-lease listings in Takoma 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
