Commercial Real Estate Market in Madison, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
56 active listings and 592 off-market properties in Madison, OH.
Market Trends
Madison, OH spans 50.1 square miles in Lake County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Madison, 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 Madison, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Madison, 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 Madison, 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 64.1%
- Industrial 14.3%
- Agricultural 9.4%
- Commercial 7.2%
Largest Zones share of zoned land by district
Residential
Residential Subdivision
Agricultural
Limited Industry
Multiple Residential
Madison, OH zones 3,195 acres across 13 districts. Commercial zoning covers 7.2% of zoned land, residential 64.1% and industrial 14.3%. The largest single district is Residential at 38.8%. For commercial buyers the practical constraint is that only 21.5% of land carries a commercial or industrial designation.
Residential (R-2)
The intent of this zone to promote Residential Zone use
Market overview
Demographics & Economy
Madison, OH has 19,447 residents in 8,474 households. Density runs 388 people per square mile. Median household income here is $70,212 and median gross rent $1,044 a month.
19,447
Population
8,474
Households
2.3
Avg Household Size
44
Median Age
17%
College-Educated
91%
High-School Grad
50.1 sq mi
ZIP Area
388
Density / Sq Mi
$70,212
Median Household Income
$39,191
Median Earnings
$1,044
Median Rent
$170,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Madison | — | — |
| North Madison | — | — |
| Madison-on-the-Lake | — | — |
| North Perry | — | — |
Commercial property in Madison, OH asks $484/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Madison?
Commercial property in Madison, OH asks an average of $484 per square foot.
What zoning applies to commercial property in Madison?
Madison, OH zones 3,195 acres across 13 districts, of which 7.2% is commercial and 14.3% industrial. The largest single district is Residential at 38.8% of zoned land. The intent of this zone to promote Residential Zone use Residential zoning covers 64.1% and open space 0%.
Where does Realmo's Madison market data come from?
Realmo compiles Madison, OH figures from 3 recent recorded sales, 47 active sale listings, 9 active lease listings, 592 tracked off-market properties, the current Madison zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 47 active for-sale and 9 active for-lease listings in Madison, 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: 3,195 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
