Commercial Real Estate Market in Hilliard, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
70 active listings and 1,284 off-market properties in Hilliard, OH. Commercial property asks $123/SF to buy and $14.79/SF/Yr to lease.
Market Trends
Hilliard, OH spans 35.3 square miles in Franklin County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hilliard, 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 Hilliard, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hilliard, 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 Hilliard, 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
- Planned_development 47%
- Residential 22.9%
- Open space 17%
- Industrial 8.9%
- Mixed use 2.6%
- Commercial 1.6%
Largest Zones share of zoned land by district
Planned Unit Development
Support Facilities
Rural Residential
Hilliard Conservation District
Restricted Industrial
Support Facilities (S-1)
Use S-1 HCD OH-MD Mixed Use OH-RD Residential Specific Conditions Recreation & Leisure (Cont.) Public and private parks, playgrounds, recreation areas and ball fields P P P P Private open space P P Private airfields C Community gardens (neighborhood agriculture) C C Accessory Accessory buildings, structures and uses P P P P Sec. 1121.02(b) Home occupations P…
Market overview
Demographics & Economy
Hilliard, OH has 64,607 residents in 25,671 households. Density runs 1,830 people per square mile. Median household income here is $110,369 and median gross rent $1,430 a month.
64,607
Population
25,671
Households
2.5
Avg Household Size
35
Median Age
55%
College-Educated
96%
High-School Grad
35.3 sq mi
ZIP Area
1,830
Density / Sq Mi
$110,369
Median Household Income
$59,770
Median Earnings
$1,430
Median Rent
$324,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Upper Arlington | — | $19.65 |
| Dublin | — | — |
| Galloway | — | — |
| Marble Cliff | — | — |
Commercial property in Hilliard, OH asks $123/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hilliard?
Commercial property in Hilliard, OH asks an average of $123 per square foot. The 5 most recent recorded sales traded at a median of $276/SF.
How much does it cost to lease commercial space in Hilliard?
Asking lease rates in Hilliard, OH average $14.79 per square foot per year.
Where does Realmo's Hilliard market data come from?
Realmo compiles Hilliard, OH figures from 7 recent recorded sales, 37 active sale listings, 33 active lease listings, 1,284 tracked off-market properties, the current Hilliard zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 37 active for-sale and 33 active for-lease listings in Hilliard, 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: 7,964 zoned acres across 16 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
