Commercial Real Estate Market in Piqua, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
53 active listings and 1,141 off-market properties in Piqua, OH. Commercial property asks $83/SF to buy and $86.78/SF/Yr to lease.
Market Trends
Piqua, OH spans 75.5 square miles in Miami County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Piqua, OH asks $103/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Piqua, OH asks $106/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Piqua, 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 Piqua, OH asks $102/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
- Industrial 32.2%
- Residential 17.9%
- Agricultural 15.7%
- Commercial 14.1%
- Open space 8.2%
- Mixed use 8%
- Civic 3.8%
Largest Zones share of zoned land by district
Industrial Heavy
Agriculture
Residential Estate
Traditional Residential Low Density
Conservation
Piqua, OH zones 8,077 acres across 26 districts. Commercial zoning covers 14.1% of zoned land, residential 17.9%, open space 8.2% and industrial 32.2%. The largest single district is Industrial Heavy at 29.8%. For commercial buyers the practical constraint is that only 46.4% of land carries a commercial or industrial designation.
Industrial Heavy (IH)
Intended for industrial uses that should be isolated from residences. These uses perform essential functions and land zoned for these uses should have limited encroachment by non-industrial uses. Industrial development is auto-oriented by nature, but opportunities for multi-modal entry into sites is desired.
Market overview
Demographics & Economy
Piqua, OH has 25,106 residents in 11,353 households. Density runs 332 people per square mile. Median household income here is $66,134 and median gross rent $900 a month.
25,106
Population
11,353
Households
2.2
Avg Household Size
41
Median Age
15%
College-Educated
89%
High-School Grad
75.5 sq mi
ZIP Area
332
Density / Sq Mi
$66,134
Median Household Income
$38,323
Median Earnings
$900
Median Rent
$144,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Covington | — | — |
| Fletcher | — | — |
| Troy | — | — |
| Houston | — | — |
Commercial property in Piqua, OH asks $83/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Piqua?
Commercial property in Piqua, OH asks an average of $83 per square foot. The 3 most recent recorded sales traded at a median of $20/SF, so asking sits 317% above the achieved median. Retail carries the highest asking price at $106/SF.
How much does it cost to lease commercial space in Piqua?
Asking lease rates in Piqua, OH average $86.78 per square foot per year.
What zoning applies to commercial property in Piqua?
Piqua, OH zones 8,077 acres across 26 districts, of which 14.1% is commercial and 32.2% industrial. The largest single district is Industrial Heavy at 29.8% of zoned land. Intended for industrial uses that should be isolated from residences. These uses perform essential functions and land zoned for these uses should have limited encroachment by non-industrial uses. Industrial development is auto-oriented by nature, but opportunities for multi-modal entry into sites is desired. Residential zoning covers 17.9% and open space 8.2%.
Where does Realmo's Piqua market data come from?
Realmo compiles Piqua, OH figures from 7 recent recorded sales, 40 active sale listings, 13 active lease listings, 1,141 tracked off-market properties, the current Piqua zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 40 active for-sale and 13 active for-lease listings in Piqua, 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: 8,077 zoned acres across 26 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
