Commercial Real Estate Market in Troy, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
38 active listings and 1,109 off-market properties in Troy, OH. Commercial property asks $45/SF to buy and $25.00/SF/Yr to lease.
Market Trends
Troy, OH spans 87.7 square miles in Miami County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Troy, OH asks $103/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Troy, OH asks $106/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 Troy, 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 Troy, OH asks $102/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 51.4%
- Industrial 24.1%
- Commercial 7.6%
- Planned_development 6.4%
- Agricultural 3.9%
- Civic 2%
Largest Zones share of zoned land by district
Light Industrial
Single Family Residential
Single Family Residential
Planned Unit Development
General Business
Troy, OH zones 7,117 acres across 21 districts. Commercial zoning covers 7.6% of zoned land, residential 51.4% and industrial 24.1%. The largest single district is Light Industrial at 22.2%. For commercial buyers the practical constraint is that only 31.7% of land carries a commercial or industrial designation.
Planned Unit Development (PUD)
It is the intent of this Section to accommodate creative and imaginative Planned Developments (hereinafter referred to as PDs) and to permit those innovations in the technology of land development that are in the best interest of the City
Market overview
Demographics & Economy
Troy, OH has 36,863 residents in 15,691 households. Density runs 420 people per square mile. Median household income here is $78,278 and median gross rent $933 a month.
36,863
Population
15,691
Households
2.3
Avg Household Size
41
Median Age
33%
College-Educated
93%
High-School Grad
87.7 sq mi
ZIP Area
420
Density / Sq Mi
$78,278
Median Household Income
$47,859
Median Earnings
$933
Median Rent
$234,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Casstown | — | — |
| Tipp City | — | — |
| P Hill | — | — |
| Pleasant Hill | — | — |
Commercial property in Troy, OH asks $45/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Troy?
Commercial property in Troy, OH asks an average of $45 per square foot. The 5 most recent recorded sales traded at a median of $179/SF. Retail carries the highest asking price at $106/SF.
How much does it cost to lease commercial space in Troy?
Asking lease rates in Troy, OH average $25.00 per square foot per year.
What zoning applies to commercial property in Troy?
Troy, OH zones 7,117 acres across 21 districts, of which 7.6% is commercial and 24.1% industrial. The largest single district is Light Industrial at 22.2% of zoned land. Residential zoning covers 51.4% and open space 0%.
Where does Realmo's Troy market data come from?
Realmo compiles Troy, OH figures from 5 recent recorded sales, 30 active sale listings, 8 active lease listings, 1,109 tracked off-market properties, the current Troy zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 8 active for-lease listings in Troy, 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: 7,117 zoned acres across 21 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
