Commercial Real Estate Market in Urbana, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
28 active listings and 1,299 off-market properties in Urbana, OH.
Market Trends
Urbana, OH spans 150.4 square miles in Champaign County, Ohio. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Champaign County, office space asks $386/SF to buy. Office vacancy in Urbana, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Across Champaign County, retail space asks $85/SF to buy. Retail vacancy in Urbana, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Across Champaign County, multifamily space asks $76/SF to buy. Multifamily vacancy in Urbana, 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 45.6%
- Industrial 33.6%
- Planned_development 11.5%
- Commercial 5.9%
- Civic 3.4%
Largest Zones share of zoned land by district
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.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Mechanicsburg | $95 | — |
| Springfield | $66 | $12.00 |
Commercial property in Urbana, OH asks $96/SF. The 2 bordering markets run from $66/SF in Springfield to $95/SF in Mechanicsburg, and the city sits above their $80/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Urbana?
How does Urbana compare to nearby markets on price?
What zoning applies to commercial property in Urbana?
Where does Realmo's Urbana market data come from?
Methodology & data sources
- Asking prices and medians
- There are 25 active for-sale and 3 active for-lease listings in Urbana, OH. The sale median is based on 17 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: 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 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
