Commercial Real Estate Market in Elyria, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
130 active listings and 3,217 off-market properties in Elyria, OH. Commercial property asks $300/SF to buy and $12.83/SF/Yr to lease.
Market Trends
Elyria, OH spans 122.6 square miles in Lorain County, Ohio. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Elyria, 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 Elyria, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Elyria, 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 Elyria, OH asks $88/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
- Commercial 46.5%
- Residential 27.2%
- Industrial 14.8%
- Civic 9.7%
- Mixed use 1.8%
Largest Zones share of zoned land by district
Residential 1
Residential 2
Commercial
Industrial
Corridor
Elyria, OH zones 13,177 acres across 8 districts. Commercial zoning covers 46.5% of zoned land, residential 27.2% and industrial 14.8%. The largest single district is Residential 1 at 27.2%. For commercial buyers the practical constraint is that only 61.3% of land carries a commercial or industrial designation.
Residential 1 (R-1)
The Residential 1 District intends to preserve the character of existing, lower-density neighborhoods while allowing the construction of denser neighborhoods with smaller yards and setbacks
Market overview
Demographics & Economy
Elyria, OH has 109,508 residents in 48,116 households. Density runs 893 people per square mile. Median household income here is $69,412 and median gross rent $943 a month.
109,508
Population
48,116
Households
2.3
Avg Household Size
42
Median Age
26%
College-Educated
91%
High-School Grad
122.6 sq mi
ZIP Area
893
Density / Sq Mi
$69,412
Median Household Income
$41,295
Median Earnings
$943
Median Rent
$191,367
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sheffield | — | — |
| North Ridgeville | — | — |
| Lorain | — | $9.97 |
| Grafton | — | — |
Commercial property in Elyria, OH asks $300/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elyria?
Commercial property in Elyria, OH asks an average of $300 per square foot. The 6 most recent recorded sales traded at a median of $112/SF, so asking sits 167% above the achieved median. Multifamily carries the highest asking price at $88/SF.
How much does it cost to lease commercial space in Elyria?
Asking lease rates in Elyria, OH average $12.83 per square foot per year.
What zoning applies to commercial property in Elyria?
Elyria, OH zones 13,177 acres across 8 districts, of which 46.5% is commercial and 14.8% industrial. The largest single district is Residential 1 at 27.2% of zoned land. The Residential 1 District intends to preserve the character of existing, lower-density neighborhoods while allowing the construction of denser neighborhoods with smaller yards and setbacks Residential zoning covers 27.2% and open space 0%.
Where does Realmo's Elyria market data come from?
Realmo compiles Elyria, OH figures from 8 recent recorded sales, 91 active sale listings, 39 active lease listings, 3,217 tracked off-market properties, the current Elyria zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 91 active for-sale and 39 active for-lease listings in Elyria, 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: 13,177 zoned acres across 8 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
