Commercial Real Estate Market in North Ridgeville, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
29 active listings and 1,171 off-market properties in North Ridgeville, OH. Commercial property asks $855/SF to buy and $30.50/SF/Yr to lease.
Market Trends
North Ridgeville, OH spans 71.7 square miles in Lorain County, Ohio. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in North Ridgeville, 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 North Ridgeville, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in North Ridgeville, 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 North Ridgeville, OH asks $88/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
Market overview
Demographics & Economy
North Ridgeville, OH has 97,551 residents in 44,078 households. Density runs 1,361 people per square mile. Median household income here is $68,886 and median gross rent $943 a month.
97,551
Population
44,078
Households
2.2
Avg Household Size
43
Median Age
23%
College-Educated
91%
High-School Grad
71.7 sq mi
ZIP Area
1,361
Density / Sq Mi
$68,886
Median Household Income
$44,152
Median Earnings
$943
Median Rent
$186,754
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Olmsted | $76 (county avg) | $15.63 |
| Westlake | $76 (county avg) | $18.86 |
| Berea | $76 (county avg) | — |
Commercial property in North Ridgeville, OH asks $855/SF. The 3 bordering markets run from $76/SF in North Olmsted to $76/SF in North Olmsted, and the city sits above their $76/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in North Ridgeville?
Commercial property in North Ridgeville, OH asks an average of $855 per square foot. The 6 most recent recorded sales traded at a median of $89/SF, so asking sits 863% above the achieved median. Multifamily carries the highest asking price at $88/SF.
How much does it cost to lease commercial space in North Ridgeville?
Asking lease rates in North Ridgeville, OH average $30.50 per square foot per year.
How does North Ridgeville compare to nearby markets on price?
North Ridgeville, OH asks $855/SF against $76/SF in North Olmsted, $76/SF in Westlake and $76/SF in Berea. North Olmsted is the cheapest entry point at 91% below North Ridgeville pricing, with $15.63/SF/Yr asking rents.
Where does Realmo's North Ridgeville market data come from?
Realmo compiles North Ridgeville, OH figures from 7 recent recorded sales, 25 active sale listings, 4 active lease listings, 1,171 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 25 active for-sale and 4 active for-lease listings in North Ridgeville, 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
