Commercial Real Estate Market in Lancaster, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
153 active listings and 2,331 off-market properties in Lancaster, OH. Commercial property asks $175/SF to buy and $77.68/SF/Yr to lease.
Market Trends
Lancaster, OH spans 164.5 square miles in Fairfield County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lancaster, 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 Lancaster, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lancaster, 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 Lancaster, 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
- Residential 39.4%
- Commercial 30.2%
- Industrial 24.1%
- Agricultural 3.9%
- Planned_development 2.4%
Largest Zones share of zoned land by district
Residential Medium Density
Advanced Manufacturing
Transitional Residential
Commercial General
Residential Multifamily
Lancaster, OH zones 11,066 acres across 13 districts. Commercial zoning covers 30.2% of zoned land, residential 39.4% and industrial 24.1%. The largest single district is Residential Medium Density at 25.8%. For commercial buyers the practical constraint is that only 54.3% of land carries a commercial or industrial designation.
Residential Medium Density (R-MD)
The purpose of the R-MD District is to promote redevelopment of one unit residential dwellings on moderately sized lots where off street parking may or may not be provided
Market overview
Demographics & Economy
Lancaster, OH has 62,010 residents in 26,434 households. Density runs 377 people per square mile. Median household income here is $68,242 and median gross rent $1,031 a month.
62,010
Population
26,434
Households
2.3
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
164.5 sq mi
ZIP Area
377
Density / Sq Mi
$68,242
Median Household Income
$43,936
Median Earnings
$1,031
Median Rent
$215,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sugar Grove | — | — |
| Pleasantville | — | — |
| Carroll | — | — |
| Hide Away Hills | — | — |
Commercial property in Lancaster, OH asks $175/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lancaster?
Commercial property in Lancaster, OH asks an average of $175 per square foot. The 5 most recent recorded sales traded at a median of $91/SF, so asking sits 92% above the achieved median.
How much does it cost to lease commercial space in Lancaster?
Asking lease rates in Lancaster, OH average $77.68 per square foot per year.
What zoning applies to commercial property in Lancaster?
Lancaster, OH zones 11,066 acres across 13 districts, of which 30.2% is commercial and 24.1% industrial. The largest single district is Residential Medium Density at 25.8% of zoned land. The purpose of the R-MD District is to promote redevelopment of one unit residential dwellings on moderately sized lots where off street parking may or may not be provided Residential zoning covers 39.4% and open space 0%.
Where does Realmo's Lancaster market data come from?
Realmo compiles Lancaster, OH figures from 7 recent recorded sales, 88 active sale listings, 65 active lease listings, 2,331 tracked off-market properties, the current Lancaster zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 88 active for-sale and 65 active for-lease listings in Lancaster, 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: 11,066 zoned acres across 13 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
