Commercial Real Estate Market in Chagrin Falls, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 1,191 off-market properties in Chagrin Falls, OH. Commercial property asks $76/SF to buy and $17.00/SF/Yr to lease.
Market Trends
Chagrin Falls, OH spans 81.8 square miles in Cuyahoga County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Chagrin Falls, 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 Chagrin Falls, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Chagrin Falls, 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 space in Chagrin Falls, OH asks $78/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Chagrin Falls, OH has 36,225 residents in 14,907 households. Density runs 443 people per square mile. Median household income here is $140,754 and median gross rent $1,946 a month.
36,225
Population
14,907
Households
2.4
Avg Household Size
49
Median Age
64%
College-Educated
99%
High-School Grad
81.8 sq mi
ZIP Area
443
Density / Sq Mi
$140,754
Median Household Income
$66,046
Median Earnings
$1,946
Median Rent
$444,419
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Russell | $76 (county avg) | — |
| Bentleyville | $76 (county avg) | — |
| Moreland Hills | $76 (county avg) | — |
| Russell Township | $76 (county avg) | — |
Commercial property in Chagrin Falls, OH asks $76/SF. The 4 bordering markets run from $76/SF in South Russell to $76/SF in South Russell, and the city sits in line with their $76/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chagrin Falls?
Commercial property in Chagrin Falls, OH asks an average of $76 per square foot. The 4 most recent recorded sales traded at a median of $152/SF. Multifamily carries the highest asking price at $78/SF.
How much does it cost to lease commercial space in Chagrin Falls?
Asking lease rates in Chagrin Falls, OH average $17.00 per square foot per year.
How does Chagrin Falls compare to nearby markets on price?
Chagrin Falls, OH asks $76/SF against $76/SF in South Russell, $76/SF in Bentleyville, $76/SF in Moreland Hills and $76/SF in Russell Township.
Where does Realmo's Chagrin Falls market data come from?
Realmo compiles Chagrin Falls, OH figures from 7 recent recorded sales, 16 active sale listings, 10 active lease listings, 1,191 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 10 active for-lease listings in Chagrin Falls, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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.
- 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
