Commercial Real Estate Market in Lorain, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
159 active listings and 3,428 off-market properties in Lorain, OH. Commercial property asks $75/SF to buy and $9.97/SF/Yr to lease.
Market Trends
Lorain, OH spans 39.1 square miles in Lorain County, Ohio. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Lorain, 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 Lorain, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lorain, 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 space in Lorain, OH asks $88/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 46%
- Industrial 29.6%
- Commercial 9.2%
- Planned_development 6.8%
- Mixed use 6.8%
- Civic 0.4%
Largest Zones share of zoned land by district
Transitional Residential
Heavy Industrial
Moderate Density Single Family Residential
Light Industrial
General Commercial
Lorain, OH zones 13,463 acres across 16 districts. Commercial zoning covers 9.2% of zoned land, residential 46% and industrial 29.6%. The largest single district is Transitional Residential at 25.6%. For commercial buyers the practical constraint is that only 38.8% of land carries a commercial or industrial designation.
Transitional Residential (R-2)
R-2, Transitional Residential . A variety of housing options are permitted within this district D. consistent with the walkable, neighborhood character intended for single -family neighborhoods. Attached and detached dwellings are permitted at densities compatible with traditional city neighborhoods and well suited as a buffer to transition from single -fami…
Market overview
Demographics & Economy
Lorain, OH has 81,799 residents in 38,519 households. Density runs 2,089 people per square mile. Median household income here is $51,500 and median gross rent $872 a month.
81,799
Population
38,519
Households
2.1
Avg Household Size
40
Median Age
16%
College-Educated
87%
High-School Grad
39.1 sq mi
ZIP Area
2,089
Density / Sq Mi
$51,500
Median Household Income
$36,946
Median Earnings
$872
Median Rent
$134,944
Median Home Value
Tools
Nearby Markets
Commercial property in Lorain, OH asks $75/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lorain?
Commercial property in Lorain, OH asks an average of $75 per square foot. The 5 most recent recorded sales traded at a median of $58/SF, so asking sits 29% above the achieved median. Multifamily carries the highest asking price at $88/SF.
How much does it cost to lease commercial space in Lorain?
Asking lease rates in Lorain, OH average $9.97 per square foot per year.
What zoning applies to commercial property in Lorain?
Lorain, OH zones 13,463 acres across 16 districts, of which 9.2% is commercial and 29.6% industrial. The largest single district is Transitional Residential at 25.6% of zoned land. R-2, Transitional Residential . A variety of housing options are permitted within this district D. consistent with the walkable, neighborhood character intended for single -family neighborhoods. Attached and detached dwellings are permitted at densities compatible with traditional city neighborhoods and well suited as a buffer to transition from single -fami… Residential zoning covers 46% and open space 0%.
Where does Realmo's Lorain market data come from?
Realmo compiles Lorain, OH figures from 5 recent recorded sales, 126 active sale listings, 33 active lease listings, 3,428 tracked off-market properties, the current Lorain zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 126 active for-sale and 33 active for-lease listings in Lorain, 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: 13,463 zoned acres across 16 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
