Commercial Real Estate Market in Delaware, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
158 active listings and 1,713 off-market properties in Delaware, OH. Commercial property asks $103/SF to buy and $16.18/SF/Yr to lease.
Market Trends
Delaware, OH spans 127.9 square miles in Delaware County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Delaware, 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 Delaware, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Delaware, 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 Delaware, 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 49.6%
- Industrial 15.4%
- Agricultural 11.8%
- Commercial 11.1%
- Mixed use 8.7%
- Planned_development 3.1%
Largest Zones share of zoned land by district
Single Family Residential District
General Industrial District
Agricultural District
Civic And Institutional District
Multifamily Residential District
Delaware, OH zones 12,231 acres across 16 districts. Commercial zoning covers 11.1% of zoned land, residential 49.6% and industrial 15.4%. The largest single district is Single Family Residential District at 36%. For commercial buyers the practical constraint is that only 26.5% of land carries a commercial or industrial designation.
Single Family Residential District (R-SF)
Residential districts (A-1, R-SF, R-NT, R-NX, R-MF) and their regulations are established to achieve, among others the following purposes: (a) To provide residential areas for neighborhoods consistent with the land use designations of the City of Delaware Comprehensive Plan. (b) To meet the goals and objectives of the City of Delaware Comprehensive Plan. (c)…
Market overview
Demographics & Economy
Delaware, OH has 57,563 residents in 23,287 households. Density runs 450 people per square mile. Median household income here is $99,622 and median gross rent $1,207 a month.
57,563
Population
23,287
Households
2.5
Avg Household Size
38
Median Age
47%
College-Educated
96%
High-School Grad
127.9 sq mi
ZIP Area
450
Density / Sq Mi
$99,622
Median Household Income
$50,799
Median Earnings
$1,207
Median Rent
$311,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kilbourne | — | — |
| Radnor | — | — |
| Ostrander | — | — |
| Lewis Center | — | — |
Commercial property in Delaware, OH asks $103/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Delaware?
Commercial property in Delaware, OH asks an average of $103 per square foot. The 6 most recent recorded sales traded at a median of $264/SF.
How much does it cost to lease commercial space in Delaware?
Asking lease rates in Delaware, OH average $16.18 per square foot per year.
What zoning applies to commercial property in Delaware?
Delaware, OH zones 12,231 acres across 16 districts, of which 11.1% is commercial and 15.4% industrial. The largest single district is Single Family Residential District at 36% of zoned land. Residential districts (A-1, R-SF, R-NT, R-NX, R-MF) and their regulations are established to achieve, among others the following purposes: (a) To provide residential areas for neighborhoods consistent with the land use designations of the City of Delaware Comprehensive Plan. (b) To meet the goals and objectives of the City of Delaware Comprehensive Plan. (c)… Residential zoning covers 49.6% and open space 0%.
Where does Realmo's Delaware market data come from?
Realmo compiles Delaware, OH figures from 7 recent recorded sales, 105 active sale listings, 53 active lease listings, 1,713 tracked off-market properties, the current Delaware zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 105 active for-sale and 53 active for-lease listings in Delaware, 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: 12,231 zoned acres across 16 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
