Commercial Real Estate Market in Westerville, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
125 active listings and 1,546 off-market properties in Westerville, OH. Commercial property asks $54/SF to buy and $14.94/SF/Yr to lease.
Market Trends
Westerville, OH spans 46.1 square miles in Franklin County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Westerville, 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 Westerville, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Westerville, 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 Westerville, 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
- Civic 63.2%
- Planned_development 14.8%
- Industrial 8.7%
- Residential 5.5%
- Open space 3.7%
- Commercial 3.4%
- Special 0.6%
Largest Zones share of zoned land by district
One Family Residential
Planned Neighborhood Development
One Family Residential
Planned Development
Planned Industrial Development
One Family Residential (R-1)
The purpose of the R-1 District is to encourage and provide for the orderly development of low density single family homes and customary supporting residential facilities, such as schools, churches and public parklands
Market overview
Demographics & Economy
Westerville, OH has 96,797 residents in 41,372 households. Density runs 2,101 people per square mile. Median household income here is $109,400 and median gross rent $1,522 a month.
96,797
Population
41,372
Households
2.3
Avg Household Size
39
Median Age
59%
College-Educated
98%
High-School Grad
46.1 sq mi
ZIP Area
2,101
Density / Sq Mi
$109,400
Median Household Income
$61,271
Median Earnings
$1,522
Median Rent
$342,939
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Columbus | — | $21.38 |
| Lewis Center | — | — |
| Galena | — | — |
| New Albany | — | $25.46 |
Commercial property in Westerville, OH asks $54/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Westerville?
Commercial property in Westerville, OH asks an average of $54 per square foot. The 4 most recent recorded sales traded at a median of $199/SF.
How much does it cost to lease commercial space in Westerville?
Asking lease rates in Westerville, OH average $14.94 per square foot per year.
Where does Realmo's Westerville market data come from?
Realmo compiles Westerville, OH figures from 6 recent recorded sales, 49 active sale listings, 76 active lease listings, 1,546 tracked off-market properties, the current Westerville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 49 active for-sale and 76 active for-lease listings in Westerville, 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: 7,041 zoned acres across 17 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
