Commercial Real Estate Market in Urbana, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
71 active listings and 1,299 off-market properties in Urbana, OH. Commercial property asks $69/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Urbana, OH spans 150.4 square miles in Champaign County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Urbana, 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 Urbana, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Urbana, 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 Urbana, 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 45.6%
- Industrial 33.6%
- Planned_development 11.5%
- Commercial 5.9%
- Civic 3.4%
Largest Zones share of zoned land by district
Manufacturing
Medium Density Residential
Low Density Residential
Planned Unit Development
High Density Residential
Urbana, OH zones 5,549 acres across 8 districts. Commercial zoning covers 5.9% of zoned land, residential 45.6% and industrial 33.6%. The largest single district is Manufacturing at 33.6%. For commercial buyers the practical constraint is that only 39.4% of land carries a commercial or industrial designation.
Manufacturing (M-1)
It is the purpose of the M-1 Manufacturing District to accommodate manufacturing, industrial and technology establishments and related uses
Market overview
Demographics & Economy
Urbana, OH has 20,067 residents in 8,904 households. Density runs 133 people per square mile. Median household income here is $72,500 and median gross rent $909 a month.
20,067
Population
8,904
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
91%
High-School Grad
150.4 sq mi
ZIP Area
133
Density / Sq Mi
$72,500
Median Household Income
$40,854
Median Earnings
$909
Median Rent
$176,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Westville | — | — |
| Cable | — | — |
| Tremont City | — | — |
| Mingo | — | — |
Commercial property in Urbana, OH asks $69/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Urbana?
Commercial property in Urbana, OH asks an average of $69 per square foot. The 7 most recent recorded sales traded at a median of $199/SF.
How much does it cost to lease commercial space in Urbana?
Asking lease rates in Urbana, OH average $12.00 per square foot per year.
What zoning applies to commercial property in Urbana?
Urbana, OH zones 5,549 acres across 8 districts, of which 5.9% is commercial and 33.6% industrial. The largest single district is Manufacturing at 33.6% of zoned land. It is the purpose of the M-1 Manufacturing District to accommodate manufacturing, industrial and technology establishments and related uses Residential zoning covers 45.6% and open space 0%.
Where does Realmo's Urbana market data come from?
Realmo compiles Urbana, OH figures from 7 recent recorded sales, 69 active sale listings, 2 active lease listings, 1,299 tracked off-market properties, the current Urbana zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 69 active for-sale and 2 active for-lease listings in Urbana, 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: 5,549 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
