Commercial Real Estate Market in Grafton, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
15 active listings and 307 off-market properties in Grafton, OH. Commercial property asks $171/SF to buy and $6.25/SF/Yr to lease.
Market Trends
Grafton, OH spans 54.1 square miles in Lorain County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Grafton, 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 Grafton, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Grafton, 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 Grafton, 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
- Residential 76.6%
- Industrial 20.5%
- Commercial 2.5%
- Planned_development 0.3%
- Civic 0.1%
Largest Zones share of zoned land by district
Single Family Low Density Residential District
Light Industrial District
Two Family Medium Density Residential District
General Industrial District
General Business District
Grafton, OH zones 3,370 acres across 10 districts. Commercial zoning covers 2.5% of zoned land, residential 76.6% and industrial 20.5%. The largest single district is Single Family Low Density Residential District at 71.1%. For commercial buyers the practical constraint is that only 23% of land carries a commercial or industrial designation.
Light Industrial District (LI)
LI Light Industrial District GI General Industrial District IP Industrial Park District Special Districts ID Institutional Development District Overlay Districts DTO Downtown Overlay District PUD Planned Unit Development (PUD) SR 57 OD State Route 57 Overlay District 73 1254.03 BASE ZONING DISTRICT PURPOSE STATEMENTS. The following are the statements of purp…
Market overview
Demographics & Economy
Grafton, OH has 14,911 residents in 4,304 households. Density runs 275 people per square mile. Median household income here is $86,582 and median gross rent $995 a month.
14,911
Population
4,304
Households
3.5
Avg Household Size
45
Median Age
17%
College-Educated
89%
High-School Grad
54.1 sq mi
ZIP Area
275
Density / Sq Mi
$86,582
Median Household Income
$37,906
Median Earnings
$995
Median Rent
$231,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lagrange | — | — |
| North Eaton | — | — |
| Litchfield | — | — |
| Valley City | — | — |
Commercial property in Grafton, OH asks $171/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grafton?
Commercial property in Grafton, OH asks an average of $171 per square foot. The 3 most recent recorded sales traded at a median of $138/SF, so asking sits 24% above the achieved median. Multifamily carries the highest asking price at $88/SF.
How much does it cost to lease commercial space in Grafton?
Asking lease rates in Grafton, OH average $6.25 per square foot per year.
What zoning applies to commercial property in Grafton?
Grafton, OH zones 3,370 acres across 10 districts, of which 2.5% is commercial and 20.5% industrial. The largest single district is Single Family Low Density Residential District at 71.1% of zoned land. Residential zoning covers 76.6% and open space 0%.
Where does Realmo's Grafton market data come from?
Realmo compiles Grafton, OH figures from 7 recent recorded sales, 10 active sale listings, 5 active lease listings, 307 tracked off-market properties, the current Grafton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 5 active for-lease listings in Grafton, 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: 3,370 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 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
