Commercial Real Estate Market in Willoughby, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
54 active listings and 1,256 off-market properties in Willoughby, OH.
Market Trends
Willoughby, OH spans 48.8 square miles in Lake County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Willoughby, 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 Willoughby, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Willoughby, 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 Willoughby, 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 68.8%
- Industrial 15.8%
- Commercial 10.3%
- Special 4.4%
- Open space 0.7%
Largest Zones share of zoned land by district
One Family 100
One Family 60
Light Industrial District
Multifamily Low Rise
One Family 80
Willoughby, OH zones 6,358 acres across 17 districts. Commercial zoning covers 10.3% of zoned land, residential 68.8%, open space 0.7% and industrial 15.8%. The largest single district is One Family 100 at 25.2%. For commercial buyers the practical constraint is that only 26.1% of land carries a commercial or industrial designation.
Light Industrial District (L-I)
It is intended to provide for establishments that utilize processes in which dust, smoke, fumes, glare, odors or other objectionable influences can be controlled, and which normally generate only limited outdoor activities in association with a principal activity that is conducted primarily indoors.
Market overview
Demographics & Economy
Willoughby, OH has 70,250 residents in 33,792 households. Density runs 1,440 people per square mile. Median household income here is $73,178 and median gross rent $1,076 a month.
70,250
Population
33,792
Households
2.1
Avg Household Size
45
Median Age
32%
College-Educated
95%
High-School Grad
48.8 sq mi
ZIP Area
1,440
Density / Sq Mi
$73,178
Median Household Income
$46,840
Median Earnings
$1,076
Median Rent
$208,136
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Eastlake | — | $8.15 |
| Waite Hill | — | — |
| Kirtland | — | — |
| Timberlake | — | — |
Commercial property in Willoughby, OH asks $137/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Willoughby?
Commercial property in Willoughby, OH asks an average of $137 per square foot. The 4 most recent recorded sales traded at a median of $163/SF.
What zoning applies to commercial property in Willoughby?
Willoughby, OH zones 6,358 acres across 17 districts, of which 10.3% is commercial and 15.8% industrial. The largest single district is One Family 100 at 25.2% of zoned land. Residential zoning covers 68.8% and open space 0.7%.
Where does Realmo's Willoughby market data come from?
Realmo compiles Willoughby, OH figures from 5 recent recorded sales, 28 active sale listings, 26 active lease listings, 1,256 tracked off-market properties, the current Willoughby zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 28 active for-sale and 26 active for-lease listings in Willoughby, 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: 6,358 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
