Commercial Real Estate Market in Chillicothe, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
67 active listings and 2,005 off-market properties in Chillicothe, OH. Commercial property asks $182/SF to buy and $12.33/SF/Yr to lease.
Market Trends
Chillicothe, OH spans 348.7 square miles in Ross County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Chillicothe, 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 Chillicothe, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Chillicothe, 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 Chillicothe, 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 39.2%
- Civic 21.6%
- Mixed use 15.8%
- Commercial 14.8%
- Industrial 8.6%
Largest Zones share of zoned land by district
Civic And Institution District
Sub Urban Residential District
Semi Urban Residential District
General Commercial
Residential Office District
Semi Urban Residential District (SU)
Residential (SU) District Low-density detached residential development that are appropriate to integrate Accessory Dwelling Units. These districts are to be utilized in areas of the City that are or can be served by public water and sewer. Manufactured Home Park Residential (MH) District A residential district for manufactured home park with adequate access…
Market overview
Demographics & Economy
Chillicothe, OH has 56,849 residents in 23,358 households. Density runs 163 people per square mile. Median household income here is $57,430 and median gross rent $858 a month.
56,849
Population
23,358
Households
2.4
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
348.7 sq mi
ZIP Area
163
Density / Sq Mi
$57,430
Median Household Income
$39,973
Median Earnings
$858
Median Rent
$160,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bourneville | — | — |
| Londonderry | — | — |
| Kingston | — | — |
| Hallsville | — | — |
Commercial property in Chillicothe, OH asks $182/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chillicothe?
Commercial property in Chillicothe, OH asks an average of $182 per square foot. The 4 most recent recorded sales traded at a median of $110/SF, so asking sits 65% above the achieved median.
How much does it cost to lease commercial space in Chillicothe?
Asking lease rates in Chillicothe, OH average $12.33 per square foot per year.
Where does Realmo's Chillicothe market data come from?
Realmo compiles Chillicothe, OH figures from 5 recent recorded sales, 57 active sale listings, 10 active lease listings, 2,005 tracked off-market properties, the current Chillicothe zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 57 active for-sale and 10 active for-lease listings in Chillicothe, 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: 6,839 zoned acres across 11 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
