Commercial Real Estate Market in Wheaton, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 6 off-market properties in Wheaton, MD.
Market Trends
Wheaton, MD spans 7.6 square miles in Montgomery County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Wheaton, 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 Wheaton, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Wheaton, 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 Wheaton, 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
Wheaton, MD has 52,533 residents in 18,759 households. Density runs 6,945 people per square mile. Median household income here is $111,408 and median gross rent $2,088 a month.
52,533
Population
18,759
Households
2.8
Avg Household Size
36
Median Age
47%
College-Educated
83%
High-School Grad
7.6 sq mi
ZIP Area
6,945
Density / Sq Mi
$111,408
Median Household Income
$49,887
Median Earnings
$2,088
Median Rent
$531,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Aspen Hill | — | — |
| Kensington | — | $19.82 |
| Glenmont | — | — |
| Garrett Park | — | — |
Frequently Asked Questions
How much does it cost to lease commercial space in Wheaton?
Asking lease rates in Wheaton, MD average $28.25 per square foot per year.
Methodology & data sources
- Asking prices and averages
- Computed from 0 active for-sale and 2 active for-lease listings in Wheaton, 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
