Commercial Real Estate Market in Canton, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
358 active listings and 6,522 off-market properties in Canton, OH. Commercial property asks $142/SF to buy and $13.81/SF/Yr to lease.
Market Trends
Canton, OH spans 161.2 square miles in Stark County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Canton, 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 Canton, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Canton, 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 space in Canton, OH asks $113/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 49.5%
- Industrial 27.9%
- Commercial 21.7%
- Planned_development 0.5%
- Agricultural 0.4%
Largest Zones share of zoned land by district
Single Family Residential 7000 Square Feet
Heavy Industrial
Light Industrial
Open Space
General Business
Canton, OH zones 16,351 acres across 33 districts. Commercial zoning covers 21.7% of zoned land, residential 49.5% and industrial 27.9%. The largest single district is Single Family Residential 7000 Square Feet at 28.5%. For commercial buyers the practical constraint is that only 49.6% of land carries a commercial or industrial designation.
Single Family Residential 7000 Square Feet (R1A)
The purpose of the R1A District is to encourage the establishment of medium low (six houses/acre), singlefamily residential uses.
Market overview
Demographics & Economy
Canton, OH has 191,573 residents in 89,215 households. Density runs 1,188 people per square mile. Median household income here is $62,739 and median gross rent $886 a month.
191,573
Population
89,215
Households
2.1
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
161.2 sq mi
ZIP Area
1,188
Density / Sq Mi
$62,739
Median Household Income
$38,607
Median Earnings
$886
Median Rent
$165,386
Median Home Value
Tools
Lease vs Buy Breakeven
At $13.81/SF/Yr lease vs $142/SF buy → buying wins if held > 1.5 years.
At a 9.7% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hills and Dales | — | — |
| Massillon | — | $9.58 |
| Richville | — | — |
| North Canton | — | $10.47 |
Commercial property in Canton, OH asks $142/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Canton?
Commercial property in Canton, OH asks an average of $142 per square foot. The 3 most recent recorded sales traded at a median of $27/SF, so asking sits 423% above the achieved median. Multifamily carries the highest asking price at $113/SF.
How much does it cost to lease commercial space in Canton?
Asking lease rates in Canton, OH average $13.81 per square foot per year.
Is it cheaper to lease or buy commercial space in Canton?
Buying beats leasing in Canton, OH if the property is held longer than 1.5 years, comparing $13.81/SF/Yr asking rent with $142/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Canton?
Canton, OH zones 16,351 acres across 33 districts, of which 21.7% is commercial and 27.9% industrial. The largest single district is Single Family Residential 7000 Square Feet at 28.5% of zoned land. The purpose of the R1A District is to encourage the establishment of medium low (six houses/acre), singlefamily residential uses. Residential zoning covers 49.5% and open space 0%.
Where does Realmo's Canton market data come from?
Realmo compiles Canton, OH figures from 5 recent recorded sales, 213 active sale listings, 145 active lease listings, 6,522 tracked off-market properties, the current Canton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 213 active for-sale and 145 active for-lease listings in Canton, 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: 16,351 zoned acres across 33 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, industrial vacancy is reported at Midwest 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
