Commercial Real Estate Market in Granville, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
50 active listings and 248 off-market properties in Granville, OH.
Market Trends
Granville, OH spans 49.9 square miles in Licking County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Granville, 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 Granville, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Granville, 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 Granville, 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
- Civic 35.9%
- Planned_development 31.3%
- Open space 22.7%
- Mixed use 6.1%
- Residential 2%
- Commercial 1.9%
Largest Zones share of zoned land by district
Planned Unit Development
Open Space District
Institutional District
Suburban Residential District A
Suburban Residential District B
Market overview
Demographics & Economy
Granville, OH has 14,462 residents in 5,344 households. Density runs 290 people per square mile. Median household income here is $136,127 and median gross rent $1,094 a month.
14,462
Population
5,344
Households
2.7
Avg Household Size
36
Median Age
55%
College-Educated
98%
High-School Grad
49.9 sq mi
ZIP Area
290
Density / Sq Mi
$136,127
Median Household Income
$48,318
Median Earnings
$1,094
Median Rent
$428,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Alexandria | — | — |
| Heath | — | — |
| Newark | — | $9.67 |
| Hebron | — | — |
Commercial property in Granville, OH asks $11/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Granville?
Commercial property in Granville, OH asks an average of $11 per square foot. The 4 most recent recorded sales traded at a median of $288/SF.
Where does Realmo's Granville market data come from?
Realmo compiles Granville, OH figures from 5 recent recorded sales, 44 active sale listings, 6 active lease listings, 248 tracked off-market properties, the current Granville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 44 active for-sale and 6 active for-lease listings in Granville, 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: 2,886 zoned acres across 14 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
