Commercial Real Estate Market in Marion, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
86 active listings and 1,914 off-market properties in Marion, OH. Commercial property asks $54/SF to buy and $13.50/SF/Yr to lease.
Market Trends
Marion, OH spans 195.0 square miles in Marion County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Marion, 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 Marion, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Marion, 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 Marion, 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
- Agricultural 43.5%
- Residential 25.4%
- Industrial 23.3%
- Commercial 5.5%
- Civic 2.3%
Largest Zones share of zoned land by district
Agriculture District
Industrial District
Low Density One And Two Family Residence District
Medium Density One And Two Family Residence District
Industrial District
Agriculture District (A-1)
The A-1 Agricultural district is intended for land, which is level or gently rolling, is well drained or capable of being drained, possesses productive soil characteristics, and is best preserved for and used for agricultural purposes.
Market overview
Demographics & Economy
Marion, OH has 54,094 residents in 22,483 households. Density runs 277 people per square mile. Median household income here is $53,833 and median gross rent $853 a month.
54,094
Population
22,483
Households
2.4
Avg Household Size
41
Median Age
13%
College-Educated
88%
High-School Grad
195 sq mi
ZIP Area
277
Density / Sq Mi
$53,833
Median Household Income
$36,816
Median Earnings
$853
Median Rent
$139,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Green Camp | — | — |
| Morral | — | — |
| Caledonia | — | — |
| Waldo | — | — |
Commercial property in Marion, OH asks $54/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Marion?
Commercial property in Marion, OH asks an average of $54 per square foot.
How much does it cost to lease commercial space in Marion?
Asking lease rates in Marion, OH average $13.50 per square foot per year.
Where does Realmo's Marion market data come from?
Realmo compiles Marion, OH figures from 5 recent recorded sales, 73 active sale listings, 13 active lease listings, 1,914 tracked off-market properties, the current Marion zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 73 active for-sale and 13 active for-lease listings in Marion, 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: 16,047 zoned acres across 11 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
