Commercial Real Estate Market in Ottawa, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
567 active listings and 12,900 off-market properties in Ottawa, OH. Commercial property asks $45/SF to buy and $15.63/SF/Yr to lease.
Market Trends
Ottawa, OH spans 102.6 square miles in Lucas County, Ohio. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Ottawa, 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 Ottawa, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ottawa, 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 Ottawa, 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 47.3%
- Industrial 32.7%
- Commercial 11.5%
- Agricultural 8.5%
Largest Zones share of zoned land by district
Residential District
Industrial Manufacturing District
Highway Oriented Business District
Agriculture District
Industrial District
Ottawa, OH zones 2,961 acres across 8 districts. Commercial zoning covers 11.5% of zoned land, residential 47.3% and industrial 32.7%. The largest single district is Residential District at 39.4%. For commercial buyers the practical constraint is that only 44.2% of land carries a commercial or industrial designation.
Residential District (R-1)
This zone is intended for residential single family districts uses
Market overview
Demographics & Economy
Ottawa, OH has 11,273 residents in 4,203 households. Density runs 110 people per square mile. Median household income here is $86,358 and median gross rent $810 a month.
11,273
Population
4,203
Households
2.7
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
102.6 sq mi
ZIP Area
110
Density / Sq Mi
$86,358
Median Household Income
$51,309
Median Earnings
$810
Median Rent
$214,300
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Ottawa?
Commercial property in Ottawa, OH asks an average of $45 per square foot. The 6 most recent recorded sales traded at a median of $48/SF.
How much does it cost to lease commercial space in Ottawa?
Asking lease rates in Ottawa, OH average $15.63 per square foot per year.
What zoning applies to commercial property in Ottawa?
Ottawa, OH zones 2,961 acres across 8 districts, of which 11.5% is commercial and 32.7% industrial. The largest single district is Residential District at 39.4% of zoned land. This zone is intended for residential single family districts uses Residential zoning covers 47.3% and open space 0%.
Where does Realmo's Ottawa market data come from?
Realmo compiles Ottawa, OH figures from 6 recent recorded sales, 369 active sale listings, 198 active lease listings, 12,900 tracked off-market properties, the current Ottawa zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 369 active for-sale and 198 active for-lease listings in Ottawa, 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: 2,961 zoned acres across 8 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 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 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 30 September 2026 · How Realmo checks market page data · Report a data issue
