Commercial Real Estate Market in Westerville, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
100 active listings and 1,546 off-market properties in Westerville, OH. Commercial property asks $144/SF to buy (based on 5 listings) and $15.00/SF/Yr to lease.
Market Trends
Westerville, OH spans 46.1 square miles in Franklin County, Ohio. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Westerville, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Westerville, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Westerville, 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
- 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
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Columbus | $139 | $17.50 |
| New Albany | $418 | $21.50 |
| Dublin | $261 | $16.75 |
Commercial property in Westerville, OH asks $144/SF. The 3 bordering markets run from $139/SF in Columbus to $418/SF in New Albany, and the city sits below their $261/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Westerville?
How much does it cost to lease commercial space in Westerville?
How does Westerville compare to nearby markets on price?
Where does Realmo's Westerville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 27 active for-sale and 73 active for-lease listings in Westerville, OH. The medians are based on 5 of the for-sale and 24 of the for-lease listings, those that state a price or rent per square foot. 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: 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 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
