Commercial Real Estate Market in Powell, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
46 active listings in Powell, OH.
Market Trends
Powell, OH spans 28.1 square miles in Delaware County, Ohio. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Powell, 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 Powell, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Powell, 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 Powell, 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 81.9%
- Commercial 13.4%
- Mixed use 3.3%
- Industrial 1.4%
Largest Zones share of zoned land by district
Planned Residence District
Planned Commercial District
Downtown Business District
Planned Industrial District
Residence District
Powell, OH zones 3,184 acres across 7 districts. Commercial zoning covers 13.4% of zoned land, residential 81.9% and industrial 1.4%. The largest single district is Planned Residence District at 80.7%. For commercial buyers the practical constraint is that only 14.8% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Powell, OH has 44,829 residents in 17,468 households. Density runs 1,596 people per square mile. Median household income here is $154,797 and median gross rent $1,811 a month.
44,829
Population
17,468
Households
2.6
Avg Household Size
41
Median Age
68%
College-Educated
98%
High-School Grad
28.1 sq mi
ZIP Area
1,596
Density / Sq Mi
$154,797
Median Household Income
$83,357
Median Earnings
$1,811
Median Rent
$451,700
Median Home Value
Tools
Zoning Insight
Business Placement
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Dublin | $207 | $16.25 |
| Columbus | $143 | $17.00 |
| Westerville | $144 | $15.22 |
| Delaware | $126 | $15.00 |
Frequently Asked Questions
How much does it cost to lease commercial space in Powell?
The median asking lease rate in Powell, OH is $18.50 per square foot per year (based on 9 listings).
What zoning applies to commercial property in Powell?
Powell, OH zones 3,184 acres across 7 districts, of which 13.4% is commercial and 1.4% industrial. The largest single district is Planned Residence District at 80.7% of zoned land. Residential zoning covers 81.9% and open space 0%.
Where does Realmo's Powell market data come from?
Realmo compiles Powell, OH figures from 19 active sale listings, 27 active lease listings, the current Powell zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 October 2026.
Methodology & data sources
- Asking prices and medians
- There are 19 active for-sale and 27 active for-lease listings in Powell, OH. Too few for-sale listings state a price per square foot for a sale median; the rent median is based on 9 of the for-lease listings that state a rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 3,184 zoned acres across 7 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
