Commercial Real Estate Market in Ravenna, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
35 active listings and 1,306 off-market properties in Ravenna, OH.
Market Trends
Ravenna, OH spans 91.9 square miles in Portage County, Ohio. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Ravenna, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Ravenna, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Across Portage County, multifamily space asks $138/SF to buy. Multifamily vacancy in Ravenna, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
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.
Tools
Nearby Markets
Commercial property in Ravenna, OH asks $109/SF. The 2 bordering markets run from $124/SF in Kent to $136/SF in Stow, and the city sits below their $130/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Ravenna?
How does Ravenna compare to nearby markets on price?
What zoning applies to commercial property in Ravenna?
Where does Realmo's Ravenna market data come from?
Methodology & data sources
- Asking prices and medians
- There are 20 active for-sale and 15 active for-lease listings in Ravenna, OH. The sale median is based on 10 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 3,629 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 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
