Commercial Real Estate Market in Oberlin, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 413 off-market properties in Oberlin, OH. Commercial property asks $410/SF to buy and $20.55/SF/Yr to lease.
Market Trends
Oberlin, OH spans 50.9 square miles in Lorain County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Oberlin, 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 Oberlin, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Oberlin, 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 Oberlin, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 62.2%
- Open space 16.7%
- Industrial 7.3%
- Commercial 6%
- Planned_development 5.3%
- Civic 2.4%
Largest Zones share of zoned land by district
Single Family Dwelling District 11250 Square Feet Minimum Lot Size
Single Family Dwelling District 15000 Square Feet Minimum Lot Size
Public Park And Recreation District
Single Family Dwelling District 9000 Square Feet Minimum Lot Size
Light Industrial District
Oberlin, OH zones 3,118 acres across 10 districts. Commercial zoning covers 6% of zoned land, residential 62.2%, open space 16.7% and industrial 7.3%. The largest single district is Single Family Dwelling District 11250 Square Feet Minimum Lot Size at 24.2%. For commercial buyers the practical constraint is that only 13.3% of land carries a commercial or industrial designation.
Single Family Dwelling District 11250 Square Feet Minimum Lot Size (R1B)
The intent of this to promote single family dwelling uses
Market overview
Demographics & Economy
Oberlin, OH has 11,957 residents in 4,038 households. Density runs 235 people per square mile. Median household income here is $73,697 and median gross rent $943 a month.
11,957
Population
4,038
Households
3
Avg Household Size
36
Median Age
43%
College-Educated
95%
High-School Grad
50.9 sq mi
ZIP Area
235
Density / Sq Mi
$73,697
Median Household Income
$17,979
Median Earnings
$943
Median Rent
$229,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Russia Township | — | — |
| South Amherst | — | — |
| Kipton | — | — |
| Amherst | — | — |
Commercial property in Oberlin, OH asks $410/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Oberlin?
Commercial property in Oberlin, OH asks an average of $410 per square foot. The 6 most recent recorded sales traded at a median of $112/SF, so asking sits 265% above the achieved median. Multifamily carries the highest asking price at $88/SF.
How much does it cost to lease commercial space in Oberlin?
Asking lease rates in Oberlin, OH average $20.55 per square foot per year.
What zoning applies to commercial property in Oberlin?
Oberlin, OH zones 3,118 acres across 10 districts, of which 6% is commercial and 7.3% industrial. The largest single district is Single Family Dwelling District 11250 Square Feet Minimum Lot Size at 24.2% of zoned land. The intent of this to promote single family dwelling uses Residential zoning covers 62.2% and open space 16.7%.
Where does Realmo's Oberlin market data come from?
Realmo compiles Oberlin, OH figures from 7 recent recorded sales, 9 active sale listings, 5 active lease listings, 413 tracked off-market properties, the current Oberlin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 5 active for-lease listings in Oberlin, 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: 3,118 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, 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
