Commercial Real Estate Market in Cincinnati, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1,201 active listings and 25,136 off-market properties in Cincinnati, OH. Commercial property asks $53/SF to buy and $16.50/SF/Yr to lease. Office vacancy runs 25.4%, the loosest of the segments tracked here.
Market Trends
Cincinnati, OH spans 344.1 square miles in Hamilton County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cincinnati, OH runs 25.4% in 2025, up from 18% in 2019.
Vacancy Rate %
Retail
Retail vacancy in Cincinnati, OH runs 5.9% in 2025, down from 7.1% in 2019.
Vacancy Rate %
Industrial
Industrial vacancy in Cincinnati, OH runs 6.2% in 2025, up from 4.2% in 2019. Nearly 3.6x the 2022 low of 1.7%.
Vacancy Rate %
Multifamily
Multifamily space in Cincinnati, OH asks $146/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 47.6%
- Commercial 15%
- Industrial 14.3%
- Open space 11.9%
- Civic 4.8%
- Mixed use 3.8%
- Planned_development 2.1%
- Special 0.2%
Largest Zones share of zoned land by district
Parks And Recreation
Single Family 6000 Square Feet
Single Family 4000 Square Feet
Manufacturing General
Single Family 20000 Square Feet
Cincinnati, OH zones 51,118 acres across 200 districts. Commercial zoning covers 15% of zoned land, residential 47.6%, open space 11.9% and industrial 14.3%. The largest single district is Parks And Recreation at 11.8%. For commercial buyers the practical constraint is that only 29.3% of land carries a commercial or industrial designation.
Single Family 6000 Square Feet (SF-6)
SF-6), and any overlay districts affecting your property are indicated by an extra layer of coloring. If you are uncertain whether your property is located within an overlay district, you can toggle the boxes designated “Cincinnati Only” to see if the coloring layers over your property change. After locating your property’s base zoning district and overlay d…
Market overview
Demographics & Economy
Cincinnati, OH has 818,958 residents in 377,290 households. Density runs 2,380 people per square mile. Median household income here is $74,226 and median gross rent $1,081 a month.
818,958
Population
377,290
Households
2.2
Avg Household Size
37
Median Age
41%
College-Educated
92%
High-School Grad
344.1 sq mi
ZIP Area
2,380
Density / Sq Mi
$74,226
Median Household Income
$46,581
Median Earnings
$1,081
Median Rent
$244,908
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ludlow | — | — |
| Fairmont | — | — |
| Covington | — | — |
| Clifton | — | — |
Commercial property in Cincinnati, OH asks $53/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cincinnati?
Commercial property in Cincinnati, OH asks an average of $53 per square foot. Multifamily carries the highest asking price at $146/SF.
How much does it cost to lease commercial space in Cincinnati?
Asking lease rates in Cincinnati, OH average $16.50 per square foot per year.
What is the office vacancy rate in Cincinnati?
Office vacancy in Cincinnati, OH is 25.4% as of 2025, up from 18% in 2019. Retail vacancy is 5.9%, below Office vacancy.
Which property type has the lowest vacancy in Cincinnati?
Retail has the lowest vacancy in Cincinnati, OH at 5.9%, inside a 5.3–7.1% band since 2019. For comparison: office 25.4%, industrial 6.2% and multifamily 8% (Midwest).
What zoning applies to commercial property in Cincinnati?
Cincinnati, OH zones 51,118 acres across 200 districts, of which 15% is commercial and 14.3% industrial. The largest single district is Parks And Recreation at 11.8% of zoned land. Residential zoning covers 47.6% and open space 11.9%.
Where does Realmo's Cincinnati market data come from?
Realmo compiles Cincinnati, OH figures from 5 recent recorded sales, 770 active sale listings, 431 active lease listings, 25,136 tracked off-market properties, the current Cincinnati zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 770 active for-sale and 431 active for-lease listings in Cincinnati, 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: 51,118 zoned acres across 200 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
- multifamily 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
