Commercial Real Estate Market in Fairlawn, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
44 active listings and 323 off-market properties in Fairlawn, OH. Commercial property asks $381/SF to buy and $16.70/SF/Yr to lease.
Market Trends
Fairlawn, OH spans 28.4 square miles in Summit County, Ohio. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Fairlawn, 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 Fairlawn, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Fairlawn, 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 Fairlawn, OH asks $91/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 65.7%
- Commercial 20.8%
- Civic 7.9%
- Planned_development 5.6%
Largest Zones share of zoned land by district
Single Family Residence
Single Family Residence
Single Family Residence
Retail Business
Limited Business
Fairlawn, OH zones 2,729 acres across 16 districts. Commercial zoning covers 20.8% of zoned land, residential 65.7%. The largest single district is Single Family Residence at 25.5%. For commercial buyers the practical constraint is that only 20.8% of land carries a commercial or industrial designation.
Single Family Residence (R-1)
The intent of R-1 is to regulate the bulk and location of building in relation to the land in order to obtain proper light, air, privacy and usable open spaces on each zoning lot appropriate for the district. To regulate the density and distribution of population in accordance with the objectives of the residential plan to avoid congestion and to maintain ad…
Market overview
Demographics & Economy
Fairlawn, OH has 19,449 residents in 8,598 households. Density runs 685 people per square mile. Median household income here is $119,313 and median gross rent $1,232 a month.
19,449
Population
8,598
Households
2.3
Avg Household Size
49
Median Age
64%
College-Educated
98%
High-School Grad
28.4 sq mi
ZIP Area
685
Density / Sq Mi
$119,313
Median Household Income
$63,920
Median Earnings
$1,232
Median Rent
$362,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cuyahoga Falls | — | $12.12 |
| Munroe Falls | — | $25.49 |
| Stow | — | $11.75 |
| Tallmadge | — | — |
Commercial property in Fairlawn, OH asks $381/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Fairlawn?
Commercial property in Fairlawn, OH asks an average of $381 per square foot. The 4 most recent recorded sales traded at a median of $52/SF, so asking sits 636% above the achieved median. Multifamily carries the highest asking price at $91/SF.
How much does it cost to lease commercial space in Fairlawn?
Asking lease rates in Fairlawn, OH average $16.70 per square foot per year.
What zoning applies to commercial property in Fairlawn?
Fairlawn, OH zones 2,729 acres across 16 districts, of which 20.8% is commercial and 0% industrial. The largest single district is Single Family Residence at 25.5% of zoned land. The intent of R-1 is to regulate the bulk and location of building in relation to the land in order to obtain proper light, air, privacy and usable open spaces on each zoning lot appropriate for the district. To regulate the density and distribution of population in accordance with the objectives of the residential plan to avoid congestion and to maintain ad… Residential zoning covers 65.7% and open space 0%.
Where does Realmo's Fairlawn market data come from?
Realmo compiles Fairlawn, OH figures from 4 recent recorded sales, 21 active sale listings, 23 active lease listings, 323 tracked off-market properties, the current Fairlawn zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 23 active for-lease listings in Fairlawn, 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: 2,729 zoned acres across 16 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 30 September 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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 30 September 2026 · report a data issue
