Commercial Real Estate Market in Russia, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 78 off-market properties in Russia, OH.
Market Trends
Russia, OH spans 22.8 square miles in Shelby County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Russia, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Russia, OH asks $197/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 Russia, 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 Russia, 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
- Industrial 52.6%
- Residential 43.1%
- Commercial 4.3%
Largest Zones share of zoned land by district
Industrial
Single Family Residential
Single Family Residential
Single Family Residential
Commercial
Russia, OH zones 582 acres across 7 districts. Commercial zoning covers 4.3% of zoned land, residential 43.1% and industrial 52.6%. The largest single district is Industrial at 52.6%. For commercial buyers the practical constraint is that only 56.9% of land carries a commercial or industrial designation.
Commercial (C)
Commercial/Recreation Facilities, Indoor C Farm Implement Sales C Adult Entertainment Facilities C LIGHT INDUSTRIAL USES Construction Trades and Contractor Offices C P DISTRICT REGULATIONS Page 33 VILLAGE OF RUSSIA ZONING CODE Summary of Permitted and Conditional Uses USE ZONING DISTRICT P = Principal Permitted Use C = Conditional Use R-1AA Single-Family Res…
Market overview
Demographics & Economy
Russia, OH has 1,853 residents in 698 households. Density runs 81 people per square mile. Median household income here is $85,000 and median gross rent $887 a month.
1,853
Population
698
Households
2.7
Avg Household Size
35
Median Age
26%
College-Educated
97%
High-School Grad
22.8 sq mi
ZIP Area
81
Density / Sq Mi
$85,000
Median Household Income
$48,405
Median Earnings
$887
Median Rent
$263,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Houston | — | — |
| Newport | — | — |
| Versailles | — | — |
| Fort Loramie | — | — |
Commercial property in Russia, OH asks $80/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Russia?
Commercial property in Russia, OH asks an average of $80 per square foot. The 3 most recent recorded sales traded at a median of $39/SF, so asking sits 105% above the achieved median. Retail carries the highest asking price at $197/SF.
What zoning applies to commercial property in Russia?
Russia, OH zones 582 acres across 7 districts, of which 4.3% is commercial and 52.6% industrial. The largest single district is Industrial at 52.6% of zoned land. Residential zoning covers 43.1% and open space 0%.
Where does Realmo's Russia market data come from?
Realmo compiles Russia, OH figures from 5 recent recorded sales, 4 active sale listings, 78 tracked off-market properties, the current Russia zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Russia, 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: 582 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 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
