Commercial Real Estate Market in Grove City, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
80 active listings and 1,174 off-market properties in Grove City, OH. Commercial property asks $30/SF to buy and $13.02/SF/Yr to lease.
Market Trends
Grove City, OH spans 59.7 square miles in Franklin County, Ohio. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Grove City, 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 Grove City, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Grove City, 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 Grove City, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Grove City, OH has 66,188 residents in 27,876 households. Density runs 1,108 people per square mile. Median household income here is $87,883 and median gross rent $1,279 a month.
66,188
Population
27,876
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
91%
High-School Grad
59.7 sq mi
ZIP Area
1,108
Density / Sq Mi
$87,883
Median Household Income
$49,747
Median Earnings
$1,279
Median Rent
$262,400
Median Home Value
Tools
Nearby Markets
Commercial property in Grove City, OH asks $30/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grove City?
Commercial property in Grove City, OH asks an average of $30 per square foot. The 5 most recent recorded sales traded at a median of $275/SF.
How much does it cost to lease commercial space in Grove City?
Asking lease rates in Grove City, OH average $13.02 per square foot per year.
Where does Realmo's Grove City market data come from?
Realmo compiles Grove City, OH figures from 5 recent recorded sales, 44 active sale listings, 36 active lease listings, 1,174 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 44 active for-sale and 36 active for-lease listings in Grove City, 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.
- 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 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 30 September 2026 · How Realmo checks market page data · Report a data issue
