Commercial Real Estate Market in Niles, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
41 active listings and 1,654 off-market properties in Niles, OH.
Market Trends
Niles, OH spans 14.0 square miles in Trumbull County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Niles, 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 Niles, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Niles, 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 space in Niles, OH asks $80/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 58.2%
- Industrial 20.7%
- Commercial 18.1%
Largest Zones share of zoned land by district
Residence District
General Commercial
Heavy Manufacturing
Industrial
Residence District
Niles, OH zones 4,743 acres across 10 districts. Commercial zoning covers 18.1% of zoned land, residential 58.2% and industrial 20.7%. The largest single district is Residence District at 49%. For commercial buyers the practical constraint is that only 38.8% of land carries a commercial or industrial designation.
Residence District (RA)
The intent of this zone to promote two family residentail uses
Market overview
Demographics & Economy
Niles, OH has 20,173 residents in 10,476 households. Density runs 1,443 people per square mile. Median household income here is $49,779 and median gross rent $786 a month.
20,173
Population
10,476
Households
1.9
Avg Household Size
44
Median Age
21%
College-Educated
92%
High-School Grad
14 sq mi
ZIP Area
1,443
Density / Sq Mi
$49,779
Median Household Income
$35,596
Median Earnings
$786
Median Rent
$108,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mc Donald | — | — |
| Mineral Ridge | — | — |
| Warren | — | — |
| Lordstown | — | — |
Commercial property in Niles, OH asks $141/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Niles?
Commercial property in Niles, OH asks an average of $141 per square foot. The 5 most recent recorded sales traded at a median of $74/SF, so asking sits 92% above the achieved median. Multifamily carries the highest asking price at $80/SF.
What zoning applies to commercial property in Niles?
Niles, OH zones 4,743 acres across 10 districts, of which 18.1% is commercial and 20.7% industrial. The largest single district is Residence District at 49% of zoned land. The intent of this zone to promote two family residentail uses Residential zoning covers 58.2% and open space 0%.
Where does Realmo's Niles market data come from?
Realmo compiles Niles, OH figures from 6 recent recorded sales, 32 active sale listings, 9 active lease listings, 1,654 tracked off-market properties, the current Niles zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 32 active for-sale and 9 active for-lease listings in Niles, 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: 4,743 zoned acres across 10 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
