Commercial Real Estate Market in Mentor, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
108 active listings and 1,950 off-market properties in Mentor, OH. Commercial property asks $101/SF to buy (based on 3 listings) and $14.50/SF/Yr to lease (based on 6 listings).
Market Trends
Mentor, OH spans 39.9 square miles in Lake County, Ohio. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Mentor, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Mentor, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Mentor, 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
Across Lake County, multifamily space asks $82/SF to buy. Multifamily vacancy in Mentor, 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 55.2%
- Industrial 16.2%
- Open space 14.5%
- Commercial 7%
- Planned_development 0.4%
- Mixed use 0%
Largest Zones share of zoned land by district
Mentor, OH zones 17,556 acres across 19 districts. Commercial zoning covers 7% of zoned land, residential 55.2%, open space 14.5% and industrial 16.2%. The largest single district is Single Family Residential 15000 Square Feet at 25%. For commercial buyers the practical constraint is that only 23.2% of land carries a commercial or industrial designation.
The purpose of this district is to conserve and protect ecologically sensitive areas and other special areas with unique features
Market overview
Demographics & Economy
Mentor, OH has 60,360 residents in 27,276 households. Density runs 1,512 people per square mile. Median household income here is $85,881 and median gross rent $1,156 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Kirtland | — | $14.00 |
| Willoughby | $125 | — |
| Eastlake | — | $8.00 |
Commercial property in Mentor, OH asks $101/SF. That compares with $125/SF in Willoughby.
Frequently Asked Questions
What is the median price per square foot for commercial property in Mentor?
How much does it cost to lease commercial space in Mentor?
How does Mentor compare to nearby markets on price?
What zoning applies to commercial property in Mentor?
Where does Realmo's Mentor market data come from?
Methodology & data sources
- Asking prices and medians
- There are 28 active for-sale and 80 active for-lease listings in Mentor, OH. The medians are based on 3 of the for-sale and 6 of the for-lease listings, those that state a price or rent per square foot. 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: 17,556 zoned acres across 19 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
