Commercial Real Estate Market in Independence, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
43 active listings and 337 off-market properties in Independence, OH. Commercial property asks $17.00/SF/Yr to lease, and the average asking price across Cuyahoga County is $76/SF.
Market Trends
Independence, OH spans 15.7 square miles in Cuyahoga County, Ohio. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Independence, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Independence, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Independence, 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%.
Multifamily
Across Cuyahoga County, multifamily space asks $76/SF to buy. Multifamily vacancy in Independence, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 57.2%
- Industrial 13%
- Commercial 1.2%
- Mixed use 1%
- Open space 0.4%
Largest Zones share of zoned land by district
Independence, OH zones 5,783 acres across 18 districts. Commercial zoning covers 1.2% of zoned land, residential 57.2%, open space 0.4% and industrial 13%. The largest single district is Single Family Dwelling House District at 56.4%. For commercial buyers the practical constraint is that only 14.2% of land carries a commercial or industrial designation.
The intent of this zone is to promote single-family dwelling house uses
Market overview
Demographics & Economy
Independence, OH has 20,664 residents in 8,861 households. Density runs 1,315 people per square mile. Median household income here is $98,838 and median gross rent $1,512 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Valley View | $76 (county avg) | $9.75 |
| Broadview Heights | $76 (county avg) | $22.75 |
Across Cuyahoga County, commercial property asks $76/SF.
Frequently Asked Questions
What does commercial property cost per square foot in Independence?
How much does it cost to lease commercial space in Independence?
What zoning applies to commercial property in Independence?
Where does Realmo's Independence market data come from?
Methodology & data sources
- Asking prices and medians
- There are 4 active for-sale and 39 active for-lease listings in Independence, OH. The sale figure is the Cuyahoga County average, as too few listings here state a price per square foot; the rent median is based on 13 of the for-lease listings that state a rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 5,783 zoned acres across 18 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
