Commercial Real Estate Market in Prospect, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 109 off-market properties in Prospect, OH.
Market Trends
Prospect, OH spans 42.7 square miles in Marion County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Prospect, 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 Prospect, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Prospect, 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 Prospect, 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 72.7%
- Commercial 11.8%
- Agricultural 7.3%
- Industrial 4.6%
- Open space 3.5%
Largest Zones share of zoned land by district
One Family Residential District
One And Two Family Residential District
General Residential District
Agricultural District
Industrial District
Prospect, OH zones 447 acres across 8 districts. Commercial zoning covers 11.8% of zoned land, residential 72.7%, open space 3.5% and industrial 4.6%. The largest single district is One Family Residential District at 39.5%. For commercial buyers the practical constraint is that only 16.5% of land carries a commercial or industrial designation.
One Family Residential District (R-1)
The R-1 district where one family residential development is desirable at densities made possible by the presence of or possible provision of a public sewer system, but where high density development is not desired.
Market overview
Demographics & Economy
Prospect, OH has 3,256 residents in 1,532 households. Density runs 76 people per square mile. Median household income here is $71,667 and median gross rent $993 a month.
3,256
Population
1,532
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
96%
High-School Grad
42.7 sq mi
ZIP Area
76
Density / Sq Mi
$71,667
Median Household Income
$41,453
Median Earnings
$993
Median Rent
$168,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Radnor | — | — |
| Green Camp | — | — |
| Richwood | — | — |
| Waldo | — | — |
Commercial property in Prospect, OH asks $343/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Prospect?
Commercial property in Prospect, OH asks an average of $343 per square foot.
What zoning applies to commercial property in Prospect?
Prospect, OH zones 447 acres across 8 districts, of which 11.8% is commercial and 4.6% industrial. The largest single district is One Family Residential District at 39.5% of zoned land. The R-1 district where one family residential development is desirable at densities made possible by the presence of or possible provision of a public sewer system, but where high density development is not desired. Residential zoning covers 72.7% and open space 3.5%.
Where does Realmo's Prospect market data come from?
Realmo compiles Prospect, OH figures from 4 recent recorded sales, 2 active sale listings, 109 tracked off-market properties, the current Prospect zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Prospect, 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: 447 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 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
