Commercial Real Estate Market in Malvern, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 209 off-market properties in Malvern, OH.
Market Trends
Malvern, OH spans 23.3 square miles in Carroll County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Malvern, 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 Malvern, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Malvern, 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 Malvern, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Malvern, OH has 4,378 residents in 2,295 households. Density runs 188 people per square mile. Median household income here is $56,250 and median gross rent $700 a month.
4,378
Population
2,295
Households
1.9
Avg Household Size
47
Median Age
23%
College-Educated
93%
High-School Grad
23.3 sq mi
ZIP Area
188
Density / Sq Mi
$56,250
Median Household Income
$34,397
Median Earnings
$700
Median Rent
$184,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pekin | — | — |
| Waynesburg | — | — |
| Minerva | — | — |
| Robertsville | — | — |
Commercial property in Malvern, OH asks $1,128/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Malvern?
Commercial property in Malvern, OH asks an average of $1,128 per square foot. The 3 most recent recorded sales traded at a median of $34/SF, so asking sits 3183% above the achieved median.
Where does Realmo's Malvern market data come from?
Realmo compiles Malvern, OH figures from 4 recent recorded sales, 13 active sale listings, 209 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 0 active for-lease listings in Malvern, 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.
- 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
