Commercial Real Estate Market in Toledo, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
604 active listings and 12,900 off-market properties in Toledo, OH. Commercial property asks $27/SF to buy and $16.15/SF/Yr to lease.
Market Trends
Toledo, OH spans 96.5 square miles in Lucas County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Toledo, 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 Toledo, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Toledo, 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 Toledo, 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 64.7%
- Industrial 23.1%
- Commercial 9.4%
- Civic 1.8%
- Mixed use 0.4%
- Planned_development 0.4%
Largest Zones share of zoned land by district
Single Dwelling Residential 6000 Square Feet
General Industrial
Duplex Residential 6000 Square Feet
Single Dwelling Residential 12000 Square Feet
Regional Commercial
Toledo, OH zones 52,086 acres across 35 districts. Commercial zoning covers 9.4% of zoned land, residential 64.7% and industrial 23.1%. The largest single district is Single Dwelling Residential 6000 Square Feet at 28.7%. For commercial buyers the practical constraint is that only 32.5% of land carries a commercial or industrial designation.
Single Dwelling Residential 6000 Square Feet (RS6)
A. RS12, RS9, and RS6 districts in which the average lot width is 100 feet or less at the right-of-way line; and B. all other Residential districts regardless of lot width. 1107.1302 Residential Districts - Existing Plat Unless otherwise provided in this Zoning Code, sidewalks shall be provided at the time of development, on any parcel along public streets w…
Market overview
Demographics & Economy
Toledo, OH has 300,698 residents in 146,499 households. Density runs 3,116 people per square mile. Median household income here is $52,840 and median gross rent $903 a month.
300,698
Population
146,499
Households
2.1
Avg Household Size
37
Median Age
23%
College-Educated
89%
High-School Grad
96.5 sq mi
ZIP Area
3,116
Density / Sq Mi
$52,840
Median Household Income
$34,914
Median Earnings
$903
Median Rent
$115,183
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ottawa Hills | — | — |
| Holland | — | $12.56 |
| Sylvania | — | — |
| Rossford | — | — |
Commercial property in Toledo, OH asks $27/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Toledo?
Commercial property in Toledo, OH asks an average of $27 per square foot. The 6 most recent recorded sales traded at a median of $48/SF.
How much does it cost to lease commercial space in Toledo?
Asking lease rates in Toledo, OH average $16.15 per square foot per year.
What zoning applies to commercial property in Toledo?
Toledo, OH zones 52,086 acres across 35 districts, of which 9.4% is commercial and 23.1% industrial. The largest single district is Single Dwelling Residential 6000 Square Feet at 28.7% of zoned land. A. RS12, RS9, and RS6 districts in which the average lot width is 100 feet or less at the right-of-way line; and B. all other Residential districts regardless of lot width. 1107.1302 Residential Districts - Existing Plat Unless otherwise provided in this Zoning Code, sidewalks shall be provided at the time of development, on any parcel along public streets w… Residential zoning covers 64.7% and open space 0%.
Where does Realmo's Toledo market data come from?
Realmo compiles Toledo, OH figures from 6 recent recorded sales, 397 active sale listings, 207 active lease listings, 12,900 tracked off-market properties, the current Toledo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 397 active for-sale and 207 active for-lease listings in Toledo, 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: 52,086 zoned acres across 35 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
