Williamsport Market Report

Yield Range

6-7%

Vacancy Rate

2.5-6%

Active Deals

Outlook

Neutral

Small town in Washington County, part of Hagerstown MSA, with strong logistics due to I-81 proximity. Limited specific CRE data; regional Suburban MD office vacancy stable at 19% Q4 2025. Active industrial/warehouse market with 15+ listings for lease/sale.

Yields & Returns

No specific data found for Williamsport. Regional MD office/industrial cap rates implied ~6-7% based on national averages (multifamily 4.9%, office 6.9%, industrial 6.2%). SelectCommercial

Vacancy & Supply

Vacancy Rates

No Williamsport-specific data. Suburban MD office: 19% total (Q4 2025), 18.2% direct. Retail regional low ~2.5-6%. LPC Q4 2025 Report, MacKenzie Q1 Retail

Supply Pipeline

Suburban MD office: 82K SF u/c (100% preleased, deliv Q1 2026); planned 370K SF 2026. Local: new warehouse deliveries 2021-23. No Williamsport-specific pipeline noted. LPC Report

Competitor Activity

DHS/ICE purchased 825,620 SF mega warehouse at 16220 Wright Rd for $102.4M (Jan 2026) for detention center conversion. 4 Suburban MD office sales Q4 2025 totaling $28.4M (e.g., 5640 Nicholson Ln $12M). MD OAG, LPC Report

Firm	Activity	Asset	Detail	Value
Various	Transaction	Commercial	DHS/ICE purchased 825,620 SF mega warehouse at 16220 Wright Rd for $102.4M (Jan 2026) for detention center conversion. 4 Suburban MD office sales Q4 2025 totaling $28.4M (e.g., 5640 Nicholson Ln $12M)	$102.4M

Demand Drivers

Logistics hub on I-81; major employers via Bowman Development (industrial); C&O Canal park tourism (5M visitors/yr supporting 1,360 jobs); recent business growth downtown. MD Business, LinkedIn People

Rental Market

15 CRE properties listed for lease (industrial/flex dominant). Suburban MD office asking rents $31 PSF FS (up QoQ); regional retail $20 PSF. CommercialCafe, LPC Report

Employment & Economy

Tourism/economic boost from C&O Canal HQ (50+ jobs); new retail (e.g., Mama Lu Lu’s, Sprout); Port 44 investments (22 buildings). Regional unemployment ~4.1%. No specific unemployment; growth in logistics/manufacturing. MD Business

Migration & Demographics

2026 proj: 2,114 (+0.28%/yr); +1.73% since 2020 census. Slow steady growth post-2021 dip. Median income $61,607; poverty 23.31%. World Pop Review

Transport & Connectivity

On I-81 corridor (primary N-S freight route MD, widening to 6 lanes ongoing); near I-70; Potomac River/WV line. Key for logistics. Wikipedia I-81, MDOT

Key Risks

Small market size (pop ~2K); high poverty 23%; limited data/transparency; regional office absorption negative YTD; economic reliance on logistics/tourism. World Pop

Outlook 12–24 Months

Stable small-market logistics play; I-81 expansions support industrial demand. Regional office stabilizing (vacancy flat, absorption improving Q4). Watch federal spending, interest rates. Expect modest growth 12-24 mo with warehouse conversions/deals. LPC, JPMorgan 2026

Sources

LPC Q4 2025 ↗MD OAG Binder12 ↗WorldPopulationReview ↗CommercialCafe ↗MD Business ↗