Commercial Real Estate Market in Lancaster, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
118 active listings and 2,331 off-market properties in Lancaster, OH. Commercial property asks $113/SF to buy and $14.04/SF/Yr to lease.
Market Trends
Lancaster, OH spans 164.5 square miles in Fairfield County, Ohio. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Lancaster, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Lancaster, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Lancaster, 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 39.4%
- Commercial 30.2%
- Industrial 24.1%
- Agricultural 3.9%
- Planned_development 2.4%
Largest Zones share of zoned land by district
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Lancaster?
How much does it cost to lease commercial space in Lancaster?
What zoning applies to commercial property in Lancaster?
Where does Realmo's Lancaster market data come from?
Methodology & data sources
- Asking prices and medians
- There are 52 active for-sale and 66 active for-lease listings in Lancaster, OH. The medians are based on 18 of the for-sale and 25 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
