Commercial Real Estate Market in Northwood, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 635 off-market properties in Northwood, OH.
Market Trends
Northwood, OH spans 18.8 square miles in Lucas County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Northwood, 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 Northwood, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Northwood, 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 Northwood, 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 41.7%
- Industrial 38.1%
- Commercial 9.1%
- Mixed use 7%
- Civic 4.1%
Largest Zones share of zoned land by district
Heavy Industrial
Agricultural
Commercial
Central Business District
Rural Residential
Northwood, OH zones 5,476 acres across 12 districts. Commercial zoning covers 9.1% of zoned land, residential 41.7% and industrial 38.1%. The largest single district is Heavy Industrial at 32.6%. For commercial buyers the practical constraint is that only 47.2% of land carries a commercial or industrial designation.
Heavy Industrial (M2)
The purpose of the M-2 Heavy Industrial District is to provide, at suitable locations, areas where intensive industrial development may take place. Such areas shall be served by both public water and public sewer systems
Market overview
Demographics & Economy
Northwood, OH has 32,461 residents in 15,176 households. Density runs 1,725 people per square mile. Median household income here is $45,458 and median gross rent $863 a month.
32,461
Population
15,176
Households
2.1
Avg Household Size
36
Median Age
14%
College-Educated
81%
High-School Grad
18.8 sq mi
ZIP Area
1,725
Density / Sq Mi
$45,458
Median Household Income
$31,054
Median Earnings
$863
Median Rent
$74,910
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Northwood?
Northwood, OH zones 5,476 acres across 12 districts, of which 9.1% is commercial and 38.1% industrial. The largest single district is Heavy Industrial at 32.6% of zoned land. The purpose of the M-2 Heavy Industrial District is to provide, at suitable locations, areas where intensive industrial development may take place. Such areas shall be served by both public water and public sewer systems Residential zoning covers 41.7% and open space 0%.
Where does Realmo's Northwood market data come from?
Realmo compiles Northwood, OH figures from 8 recent recorded sales, 22 active sale listings, 4 active lease listings, 635 tracked off-market properties, the current Northwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 4 active for-lease listings in Northwood, 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: 5,476 zoned acres across 12 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
