Commercial Real Estate Market in Frankfort, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
4 active listings and 97 off-market properties in Frankfort, OH.
Market Trends
Frankfort, OH spans 75.8 square miles in Ross County, Ohio. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Frankfort, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Frankfort, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Frankfort, 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%.
Multifamily
Multifamily vacancy in Frankfort, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 72.6%
- Industrial 20.1%
- Commercial 4.2%
- Planned_development 3.1%
Largest Zones share of zoned land by district
Frankfort, OH zones 324 acres across 10 districts. Commercial zoning covers 4.2% of zoned land, residential 72.6% and industrial 20.1%. The largest single district is Historic Village Residential at 55.6%. For commercial buyers the practical constraint is that only 24.3% of land carries a commercial or industrial designation.
The intent of this District is to provide areas for single family residential housing sites within the older portions of Frankfort at densities consistent with existing development on platted lots,
Market overview
Demographics & Economy
Frankfort, OH has 5,429 residents in 2,450 households. Density runs 72 people per square mile. Median household income here is $69,786 and median gross rent $936 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Greenfield | $64 | — |
| Chillicothe | $122 | $12.50 |
Commercial property in Frankfort, OH asks $146/SF. The 2 bordering markets run from $64/SF in Greenfield to $122/SF in Chillicothe, and the city sits above their $93/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Frankfort?
How does Frankfort compare to nearby markets on price?
What zoning applies to commercial property in Frankfort?
Where does Realmo's Frankfort market data come from?
Methodology & data sources
- Asking prices and medians
- There are 4 active for-sale and 0 active for-lease listings in Frankfort, OH. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 324 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
