Commercial Real Estate Market in New Philadelphia, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
46 active listings and 2,463 off-market properties in New Philadelphia, OH. Commercial property asks $84/SF to buy and $5.94/SF/Yr to lease.
Market Trends
New Philadelphia, OH spans 96.2 square miles in Tuscarawas County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in New Philadelphia, 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 New Philadelphia, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in New Philadelphia, 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 New Philadelphia, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
New Philadelphia, OH has 25,601 residents in 11,702 households. Density runs 266 people per square mile. Median household income here is $62,383 and median gross rent $859 a month.
25,601
Population
11,702
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
91%
High-School Grad
96.2 sq mi
ZIP Area
266
Density / Sq Mi
$62,383
Median Household Income
$36,495
Median Earnings
$859
Median Rent
$177,100
Median Home Value
Tools
Lease vs Buy Breakeven
At $5.94/SF/Yr lease vs $84/SF buy → buying wins if held > 3.1 years.
At a 7.1% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dover | — | — |
| Midvale | — | — |
| Parral | — | — |
| Columbia | — | — |
Commercial property in New Philadelphia, OH asks $84/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Philadelphia?
Commercial property in New Philadelphia, OH asks an average of $84 per square foot. The 4 most recent recorded sales traded at a median of $140/SF.
How much does it cost to lease commercial space in New Philadelphia?
Asking lease rates in New Philadelphia, OH average $5.94 per square foot per year.
Is it cheaper to lease or buy commercial space in New Philadelphia?
Buying beats leasing in New Philadelphia, OH if the property is held longer than 3.1 years, comparing $5.94/SF/Yr asking rent with $84/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's New Philadelphia market data come from?
Realmo compiles New Philadelphia, OH figures from 4 recent recorded sales, 18 active sale listings, 28 active lease listings, 2,463 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 18 active for-sale and 28 active for-lease listings in New Philadelphia, 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 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
