Commercial Real Estate Market in Ravenna, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
54 active listings and 1,306 off-market properties in Ravenna, OH. Commercial property asks $56/SF to buy and $8.04/SF/Yr to lease.
Market Trends
Ravenna, OH spans 91.9 square miles in Portage County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ravenna, 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 Ravenna, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ravenna, 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 Ravenna, OH asks $124/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 62.7%
- Industrial 24.2%
- Commercial 13.2%
Largest Zones share of zoned land by district
Residential
Industrial
Residential
Residential
Residential
Ravenna, OH zones 3,629 acres across 8 districts. Commercial zoning covers 13.2% of zoned land, residential 62.7% and industrial 24.2%. The largest single district is Residential at 25.3%. For commercial buyers the practical constraint is that only 37.4% of land carries a commercial or industrial designation.
Residential (R-3)
This District is established to accommodate single-family residential dwellings at a medium density, comparable to the minimum requirements of the Citys present Subdivision Regulations
Market overview
Demographics & Economy
Ravenna, OH has 32,606 residents in 15,036 households. Density runs 355 people per square mile. Median household income here is $61,211 and median gross rent $904 a month.
32,606
Population
15,036
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
91.9 sq mi
ZIP Area
355
Density / Sq Mi
$61,211
Median Household Income
$40,068
Median Earnings
$904
Median Rent
$159,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rootstown | — | — |
| Kent | — | $18.25 |
| Brady Lake | — | — |
| Drakesburg | — | — |
Commercial property in Ravenna, OH asks $56/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ravenna?
Commercial property in Ravenna, OH asks an average of $56 per square foot. The 3 most recent recorded sales traded at a median of $187/SF. Multifamily carries the highest asking price at $124/SF.
How much does it cost to lease commercial space in Ravenna?
Asking lease rates in Ravenna, OH average $8.04 per square foot per year.
What zoning applies to commercial property in Ravenna?
Ravenna, OH zones 3,629 acres across 8 districts, of which 13.2% is commercial and 24.2% industrial. The largest single district is Residential at 25.3% of zoned land. This District is established to accommodate single-family residential dwellings at a medium density, comparable to the minimum requirements of the Citys present Subdivision Regulations Residential zoning covers 62.7% and open space 0%.
Where does Realmo's Ravenna market data come from?
Realmo compiles Ravenna, OH figures from 7 recent recorded sales, 40 active sale listings, 14 active lease listings, 1,306 tracked off-market properties, the current Ravenna 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 14 active for-lease listings in Ravenna, 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: 3,629 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
