Commercial Real Estate Market in Cortland, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 670 off-market properties in Cortland, OH.
Market Trends
Cortland, OH spans 65.4 square miles in Trumbull County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cortland, 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 Cortland, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Cortland, 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 Cortland, OH asks $80/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 77.8%
- Industrial 19.8%
- Commercial 2.2%
Largest Zones share of zoned land by district
Residential Multifamily District
Residential District
Service District
Residential District
Industrial District
Cortland, OH zones 2,775 acres across 10 districts. Commercial zoning covers 2.2% of zoned land, residential 77.8% and industrial 19.8%. The largest single district is Residential Multifamily District at 45.5%. For commercial buyers the practical constraint is that only 22% of land carries a commercial or industrial designation.
Residential Multifamily District (R-M)
This residential district is established to provide for medium and high population density The principal use of land is for two family and multiple family dwellings, and the recreational, religious, and educational facilities normally required to provide an orderly and attractive residential area are included
Market overview
Demographics & Economy
Cortland, OH has 16,824 residents in 7,948 households. Density runs 257 people per square mile. Median household income here is $63,158 and median gross rent $762 a month.
16,824
Population
7,948
Households
2.1
Avg Household Size
49
Median Age
29%
College-Educated
95%
High-School Grad
65.4 sq mi
ZIP Area
257
Density / Sq Mi
$63,158
Median Household Income
$45,447
Median Earnings
$762
Median Rent
$174,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mecca | — | — |
| Fowler | — | — |
| Howland | — | — |
| Champion | — | — |
Commercial property in Cortland, OH asks $180/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cortland?
Commercial property in Cortland, OH asks an average of $180 per square foot. The 6 most recent recorded sales traded at a median of $52/SF, so asking sits 244% above the achieved median. Multifamily carries the highest asking price at $80/SF.
What zoning applies to commercial property in Cortland?
Cortland, OH zones 2,775 acres across 10 districts, of which 2.2% is commercial and 19.8% industrial. The largest single district is Residential Multifamily District at 45.5% of zoned land. This residential district is established to provide for medium and high population density The principal use of land is for two family and multiple family dwellings, and the recreational, religious, and educational facilities normally required to provide an orderly and attractive residential area are included Residential zoning covers 77.8% and open space 0%.
Where does Realmo's Cortland market data come from?
Realmo compiles Cortland, OH figures from 8 recent recorded sales, 15 active sale listings, 2 active lease listings, 670 tracked off-market properties, the current Cortland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 2 active for-lease listings in Cortland, 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: 2,775 zoned acres across 10 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
