Commercial Real Estate Market in London, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
18 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 October 2026.
Office
Office vacancy in London, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in London, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in London, 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 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
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in London?
What zoning applies to commercial property in London?
Where does Realmo's London market data come from?
Methodology & data sources
- Asking prices and medians
- There are 13 active for-sale and 5 active for-lease listings in London, OH. The sale median is based on 6 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 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 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
