Commercial Real Estate Market in Lebanon, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
63 active listings and 1,022 off-market properties in Lebanon, OH. Commercial property asks $71/SF to buy and $19.24/SF/Yr to lease.
Market Trends
Lebanon, OH spans 81.2 square miles in Warren County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lebanon, 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 Lebanon, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lebanon, 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 Lebanon, 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 47%
- Industrial 29.4%
- Civic 11.2%
- Commercial 6.1%
- Mixed use 5%
- Open space 1.2%
Largest Zones share of zoned land by district
Light Industrial
Residential One C
Residential One B
Public And Institutional
Rural Residential
Lebanon, OH zones 8,463 acres across 20 districts. Commercial zoning covers 6.1% of zoned land, residential 47%, open space 1.2% and industrial 29.4%. The largest single district is Light Industrial at 20.1%. For commercial buyers the practical constraint is that only 35.6% of land carries a commercial or industrial designation.
Light Industrial (I-1)
The purpose of the I-1 Light Industrial District is to provide for industrial uses that have minimal exterior movement of vehicles and goods
Market overview
Demographics & Economy
Lebanon, OH has 41,060 residents in 15,036 households. Density runs 506 people per square mile. Median household income here is $97,944 and median gross rent $1,090 a month.
41,060
Population
15,036
Households
2.7
Avg Household Size
39
Median Age
32%
College-Educated
92%
High-School Grad
81.2 sq mi
ZIP Area
506
Density / Sq Mi
$97,944
Median Household Income
$51,565
Median Earnings
$1,090
Median Rent
$317,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Lebanon | — | — |
| Oregonia | — | — |
| Kings Island | — | — |
| Morrow | — | — |
Commercial property in Lebanon, OH asks $71/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lebanon?
Commercial property in Lebanon, OH asks an average of $71 per square foot. The 4 most recent recorded sales traded at a median of $108/SF.
How much does it cost to lease commercial space in Lebanon?
Asking lease rates in Lebanon, OH average $19.24 per square foot per year.
What zoning applies to commercial property in Lebanon?
Lebanon, OH zones 8,463 acres across 20 districts, of which 6.1% is commercial and 29.4% industrial. The largest single district is Light Industrial at 20.1% of zoned land. The purpose of the I-1 Light Industrial District is to provide for industrial uses that have minimal exterior movement of vehicles and goods Residential zoning covers 47% and open space 1.2%.
Where does Realmo's Lebanon market data come from?
Realmo compiles Lebanon, OH figures from 6 recent recorded sales, 46 active sale listings, 17 active lease listings, 1,022 tracked off-market properties, the current Lebanon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 46 active for-sale and 17 active for-lease listings in Lebanon, 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: 8,463 zoned acres across 20 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
