Commercial Real Estate Market in Cleveland, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1,485 active listings and 18,724 off-market properties in Cleveland, OH. Commercial property asks $76/SF to buy and $13.62/SF/Yr to lease. Office vacancy runs 10.9%, the loosest of the segments tracked here.
Market Trends
Cleveland, OH spans 400.9 square miles in Cuyahoga County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cleveland, OH runs 10.9% in 2025, up from 6.9% in 2019. Nearly 1.7x the 2020 low of 6.6%.
Vacancy Rate %
Retail
Retail vacancy in Cleveland, OH runs 7.3% in 2025, up from 5.6% in 2019. Down from a 2020 peak of 8.5%.
Vacancy Rate %
Industrial
Industrial vacancy in Cleveland, OH runs 3.9% in 2025, little changed from 3.8% in 2019. Nearly 1.4x the 2023 low of 2.7%.
Vacancy Rate %
Multifamily
Multifamily space in Cleveland, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 55.4%
- Industrial 29.7%
- Commercial 12.4%
- Mixed use 0.9%
- Open space 0.8%
- Civic 0.6%
Largest Zones share of zoned land by district
Two Family
One Family
General Industry
Unrestricted Industry
Multifamily
Cleveland, OH zones 50,013 acres across 249 districts. Commercial zoning covers 12.4% of zoned land, residential 55.4%, open space 0.8% and industrial 29.7%. The largest single district is Two Family at 26.4%. For commercial buyers the practical constraint is that only 42.1% of land carries a commercial or industrial designation.
Two Family (2F-B1)
Zoning District: 2F-B1 Current Use: Vacant T otal Structure Sqft: 2,000 SITE DATA TABLE Proposed One-Family Home Proposed Shed Porch Porch Porch Existing Sidewalk (5’ wide) Existing Tree Lawn (5’ wide) Existing Tree Existing Tree Existing Tree Existing Tree Existing Tree Existing Tree Owner: Brighton Early [email protected] (216)-500-5000 4321 W. 85th St…
Market overview
Demographics & Economy
Cleveland, OH has 1,178,954 residents in 579,315 households. Density runs 2,940 people per square mile. Median household income here is $65,986 and median gross rent $1,066 a month.
1,178,954
Population
579,315
Households
2
Avg Household Size
40
Median Age
35%
College-Educated
91%
High-School Grad
400.9 sq mi
ZIP Area
2,940
Density / Sq Mi
$65,986
Median Household Income
$44,271
Median Earnings
$1,066
Median Rent
$180,977
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cleveland Heights | $76 (county avg) | — |
| Newburgh Heights | $76 (county avg) | — |
| Shaker Heights | $76 (county avg) | — |
| Cuyahoga Heights | $76 (county avg) | — |
Commercial property in Cleveland, OH asks $76/SF. The 4 bordering markets run from $76/SF in Cleveland Heights to $76/SF in Cleveland Heights, 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 Cleveland?
Commercial property in Cleveland, OH asks an average of $76 per square foot. The 5 most recent recorded sales traded at a median of $71/SF, so asking sits 7% above the achieved median. Multifamily carries the highest asking price at $78/SF.
How much does it cost to lease commercial space in Cleveland?
Asking lease rates in Cleveland, OH average $13.62 per square foot per year.
What is the office vacancy rate in Cleveland?
Office vacancy in Cleveland, OH is 10.9% as of 2025, up from 6.9% in 2019. That is the highest in the 7-year series. Retail vacancy is 7.3%, below Office vacancy.
Which property type has the lowest vacancy in Cleveland?
Industrial has the lowest vacancy in Cleveland, OH at 3.9%, inside a 2.7–3.9% band since 2019. For comparison: office 10.9%, retail 7.3% and multifamily 8% (Midwest).
How does Cleveland compare to nearby markets on price?
Cleveland, OH asks $76/SF against $76/SF in Cleveland Heights, $76/SF in Newburgh Heights, $76/SF in Shaker Heights and $76/SF in Cuyahoga Heights.
What zoning applies to commercial property in Cleveland?
Cleveland, OH zones 50,013 acres across 249 districts, of which 12.4% is commercial and 29.7% industrial. The largest single district is Two Family at 26.4% of zoned land. Zoning District: 2F-B1 Current Use: Vacant T otal Structure Sqft: 2,000 SITE DATA TABLE Proposed One-Family Home Proposed Shed Porch Porch Porch Existing Sidewalk (5’ wide) Existing Tree Lawn (5’ wide) Existing Tree Existing Tree Existing Tree Existing Tree Existing Tree Existing Tree Owner: Brighton Early [email protected] (216)-500-5000 4321 W. 85th St… Residential zoning covers 55.4% and open space 0.8%.
Where does Realmo's Cleveland market data come from?
Realmo compiles Cleveland, OH figures from 6 recent recorded sales, 1,147 active sale listings, 338 active lease listings, 18,724 tracked off-market properties, the current Cleveland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1,147 active for-sale and 338 active for-lease listings in Cleveland, 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.
- Zoning and land use
- The current municipal zoning release: 50,013 zoned acres across 249 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
- multifamily 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
