Commercial Real Estate Market in Newark, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
150 active listings and 1,963 off-market properties in Newark, OH. Commercial property asks $298/SF to buy and $9.67/SF/Yr to lease.
Market Trends
Newark, OH spans 199.7 square miles in Licking County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Newark, 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 Newark, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Newark, 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 Newark, 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 56.6%
- Civic 18.8%
- Commercial 11.6%
- Industrial 10.2%
- Planned_development 1.4%
- Agricultural 1.3%
Largest Zones share of zoned land by district
Low Density Single Family Residence District
Medium Density Single Family Residence District
High Density Single Family Residence District
Conservation District
Church School And Institutional District
Newark, OH zones 11,774 acres across 28 districts. Commercial zoning covers 11.6% of zoned land, residential 56.6% and industrial 10.2%. The largest single district is Low Density Single Family Residence District at 16.3%. For commercial buyers the practical constraint is that only 21.8% of land carries a commercial or industrial designation.
Low Density Single Family Residence District (RL)
When used in this Code, R-Districts shall include the following districts RS, RL, RM, RH, RZLL, RMH, SFC, TFR, MFR, MFC, MFH, and the residential areas of a PUD, CD and AD district. REAR LOT: A lot separated from, with no frontage on, a public right-of-way. RECYCLABLE HOUSEHOLD MATERIAL: Paper, cardboard, bottles, cans and similar items, but not yard wastes,…
Market overview
Demographics & Economy
Newark, OH has 80,069 residents in 34,200 households. Density runs 401 people per square mile. Median household income here is $65,087 and median gross rent $961 a month.
80,069
Population
34,200
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
199.7 sq mi
ZIP Area
401
Density / Sq Mi
$65,087
Median Household Income
$41,884
Median Earnings
$961
Median Rent
$195,036
Median Home Value
Tools
Lease vs Buy Breakeven
At $9.67/SF/Yr lease vs $298/SF buy → leasing stays cheaper across the full 30-year hold modeled here.
At a 3.2% 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 |
|---|---|---|
| Saint Louisville | — | — |
| Marne | — | — |
| Hanover | — | — |
| Heath | — | — |
Commercial property in Newark, OH asks $298/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Newark?
Commercial property in Newark, OH asks an average of $298 per square foot. The 4 most recent recorded sales traded at a median of $149/SF, so asking sits 100% above the achieved median.
How much does it cost to lease commercial space in Newark?
Asking lease rates in Newark, OH average $9.67 per square foot per year.
Is it cheaper to lease or buy commercial space in Newark?
In Newark, OH, leasing stays cheaper across the modelled hold period. 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.
What zoning applies to commercial property in Newark?
Newark, OH zones 11,774 acres across 28 districts, of which 11.6% is commercial and 10.2% industrial. The largest single district is Low Density Single Family Residence District at 16.3% of zoned land. When used in this Code, R-Districts shall include the following districts RS, RL, RM, RH, RZLL, RMH, SFC, TFR, MFR, MFC, MFH, and the residential areas of a PUD, CD and AD district. REAR LOT: A lot separated from, with no frontage on, a public right-of-way. RECYCLABLE HOUSEHOLD MATERIAL: Paper, cardboard, bottles, cans and similar items, but not yard wastes,… Residential zoning covers 56.6% and open space 0%.
Where does Realmo's Newark market data come from?
Realmo compiles Newark, OH figures from 6 recent recorded sales, 102 active sale listings, 48 active lease listings, 1,963 tracked off-market properties, the current Newark zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 102 active for-sale and 48 active for-lease listings in Newark, 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: 11,774 zoned acres across 28 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, 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
