Commercial Real Estate Market in Ashland, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
53 active listings and 1,451 off-market properties in Ashland, OH. Commercial property asks $70/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Ashland, OH spans 151.1 square miles in Ashland County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ashland, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Ashland, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ashland, OH runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Ashland, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 52.6%
- Industrial 9.3%
- Commercial 8.7%
Largest Zones share of zoned land by district
Residential
Light Industry
Residential
Heavy Industry
Industrial Business Park
Ashland, OH zones 7,381 acres across 15 districts. Commercial zoning covers 8.7% of zoned land, residential 52.6% and industrial 9.3%. The largest single district is Residential at 27.8%. For commercial buyers the practical constraint is that only 18% of land carries a commercial or industrial designation.
Residential (R-L)
In an R-L Residential District, storage and parking regulations are as follows: (a) Off-street parking space shall be provided for each vehicle regularly in use by the residents of the premises, but not less than two spaces shall be provided for each dwelling unit; (b) Off-street storage space shall not be used to store commercial vehicles of more than one t…
Market overview
Demographics & Economy
Ashland, OH has 31,238 residents in 13,248 households. Density runs 207 people per square mile. Median household income here is $62,058 and median gross rent $835 a month.
31,238
Population
13,248
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
92%
High-School Grad
151.1 sq mi
ZIP Area
207
Density / Sq Mi
$62,058
Median Household Income
$35,122
Median Earnings
$835
Median Rent
$165,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Nankin | — | — |
| Clear Creek | — | — |
| Hayesville | — | — |
| Polk | — | — |
Commercial property in Ashland, OH asks $70/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ashland?
Commercial property in Ashland, OH asks an average of $70 per square foot. The 5 most recent recorded sales traded at a median of $102/SF.
How much does it cost to lease commercial space in Ashland?
Asking lease rates in Ashland, OH average $12.00 per square foot per year.
What zoning applies to commercial property in Ashland?
Ashland, OH zones 7,381 acres across 15 districts, of which 8.7% is commercial and 9.3% industrial. The largest single district is Residential at 27.8% of zoned land. In an R-L Residential District, storage and parking regulations are as follows: (a) Off-street parking space shall be provided for each vehicle regularly in use by the residents of the premises, but not less than two spaces shall be provided for each dwelling unit; (b) Off-street storage space shall not be used to store commercial vehicles of more than one t… Residential zoning covers 52.6% and open space 0%.
Where does Realmo's Ashland market data come from?
Realmo compiles Ashland, OH figures from 7 recent recorded sales, 37 active sale listings, 16 active lease listings, 1,451 tracked off-market properties, the current Ashland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 37 active for-sale and 16 active for-lease listings in Ashland, OH. 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.
- Zoning and land use
- The current municipal zoning release: 7,381 zoned acres across 15 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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 Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest 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
