Commercial Real Estate Market in London, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
62 active listings and 1,258 off-market properties in London, OH.
Market Trends
London, OH spans 219.9 square miles in Madison County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in London, 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 London, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in London, 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 London, 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 48.9%
- Industrial 19.7%
- Planned_development 19.3%
- Commercial 11.4%
- Special 0.4%
- Open space 0.3%
Largest Zones share of zoned land by district
Medium Density Residential
Planned Unit Development
Low Density Residential
Light Manufacturing
Heavy Manufacturing
London, OH zones 5,380 acres across 13 districts. Commercial zoning covers 11.4% of zoned land, residential 48.9%, open space 0.3% and industrial 19.7%. The largest single district is Medium Density Residential at 31.1%. For commercial buyers the practical constraint is that only 31.1% of land carries a commercial or industrial designation.
Medium Density Residential (R-3)
Share Download Bookmark Print 1248.02 ESTABLISHMENT OF DISTRICTS. (a) The following zoning districts are hereby established for the City: R-1 Low Density Residential District R-2 Medium-Low Density Residential District R-3 Medium Density Residential District R-4 Medium-High Density Residential District B-1 Convenience Commercial District B-2 General Highway…
Market overview
Demographics & Economy
London, OH has 24,030 residents in 8,419 households. Density runs 109 people per square mile. Median household income here is $82,598 and median gross rent $901 a month.
24,030
Population
8,419
Households
2.9
Avg Household Size
41
Median Age
20%
College-Educated
87%
High-School Grad
219.9 sq mi
ZIP Area
109
Density / Sq Mi
$82,598
Median Household Income
$44,378
Median Earnings
$901
Median Rent
$228,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Vienna | — | — |
| West Jefferson | — | $12.89 |
| Sedalia | — | — |
| South Charleston | — | — |
Commercial property in London, OH asks $22/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in London?
Commercial property in London, OH asks an average of $22 per square foot. The 4 most recent recorded sales traded at a median of $108/SF.
What zoning applies to commercial property in London?
London, OH zones 5,380 acres across 13 districts, of which 11.4% is commercial and 19.7% industrial. The largest single district is Medium Density Residential at 31.1% of zoned land. Share Download Bookmark Print 1248.02 ESTABLISHMENT OF DISTRICTS. (a) The following zoning districts are hereby established for the City: R-1 Low Density Residential District R-2 Medium-Low Density Residential District R-3 Medium Density Residential District R-4 Medium-High Density Residential District B-1 Convenience Commercial District B-2 General Highway… Residential zoning covers 48.9% and open space 0.3%.
Where does Realmo's London market data come from?
Realmo compiles London, OH figures from 5 recent recorded sales, 59 active sale listings, 3 active lease listings, 1,258 tracked off-market properties, the current London zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 59 active for-sale and 3 active for-lease listings in London, 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: 5,380 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
