Commercial Real Estate Market in Greenhills, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greenhills, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Greenhills, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Greenhills, 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 Greenhills, 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 56.8%
- Open space 38.5%
- Commercial 2.1%
- Planned_development 1.5%
- Industrial 1.2%
Largest Zones share of zoned land by district
Greenhills, OH zones 779 acres across 7 districts. Commercial zoning covers 2.1% of zoned land, residential 56.8%, open space 38.5% and industrial 1.2%. The largest single district is Single Family Residence at 39.8%. For commercial buyers the practical constraint is that only 3.2% of land carries a commercial or industrial designation.
It is the purpose of the R-1 One-Family Residence District to establish and maintain high quality areas for single family and two -family dwellings on medium sized lots consistent with the existing housing in the Village
Market overview
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mount Healthy | — | — |
| Forest Park | — | — |
| Springdale | — | — |
| Woodlawn | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Greenhills?
Methodology & data sources
- 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: 779 zoned acres across 7 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
