Commercial Real Estate Market in Gates Mills, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 67 off-market properties in Gates Mills, OH.
Market Trends
Gates Mills, OH spans 9.8 square miles in Cuyahoga County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gates Mills, 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 Gates Mills, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Gates Mills, 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 Gates Mills, 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
Gates Mills, OH has 3,032 residents in 1,228 households. Density runs 309 people per square mile. Median household income here is $166,579 and median gross rent $2,417 a month.
3,032
Population
1,228
Households
2.5
Avg Household Size
53
Median Age
62%
College-Educated
97%
High-School Grad
9.8 sq mi
ZIP Area
309
Density / Sq Mi
$166,579
Median Household Income
$63,466
Median Earnings
$2,417
Median Rent
$497,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mayfield Village | $76 (county avg) | — |
| Mayfield Heights | $76 (county avg) | — |
| Hunting Valley | $76 (county avg) | — |
| Lyndhurst | $76 (county avg) | — |
Commercial property in Gates Mills, OH asks $76/SF. The 4 bordering markets run from $76/SF in Mayfield Village to $76/SF in Mayfield Village, 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 Gates Mills?
Commercial property in Gates Mills, OH asks an average of $76 per square foot. Multifamily carries the highest asking price at $78/SF.
How does Gates Mills compare to nearby markets on price?
Gates Mills, OH asks $76/SF against $76/SF in Mayfield Village, $76/SF in Mayfield Heights, $76/SF in Hunting Valley and $76/SF in Lyndhurst.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Gates Mills, 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
