Commercial Real Estate Market in Lakewood, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
104 active listings and 1,349 off-market properties in Lakewood, OH.
Market Trends
Lakewood, OH spans 5.4 square miles in Cuyahoga County, Ohio. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Lakewood, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Lakewood, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Lakewood, 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 Lakewood, 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 75%
- Commercial 10.6%
- Industrial 2.7%
- Civic 2.4%
- Open space 2.2%
- Planned_development 0.3%
Largest Zones share of zoned land by district
Lakewood, OH zones 3,502 acres across 15 districts. Commercial zoning covers 10.6% of zoned land, residential 75%, open space 2.2% and industrial 2.7%. The largest single district is Single And Two Family at 36.5%. For commercial buyers the practical constraint is that only 13.3% of land carries a commercial or industrial designation.
The intent of this zone to promote Single and Two family residential uses
Market overview
Demographics & Economy
Lakewood, OH has 51,109 residents in 29,101 households. Density runs 9,500 people per square mile. Median household income here is $65,778 and median gross rent $1,011 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Brooklyn | $76 (county avg) | — |
| Brook Park | $76 (county avg) | $17.50 |
Commercial property in Lakewood, OH asks $141/SF.
Frequently Asked Questions
What is the median price per square foot for commercial property in Lakewood?
How does Lakewood compare to nearby markets on price?
What zoning applies to commercial property in Lakewood?
Where does Realmo's Lakewood market data come from?
Methodology & data sources
- Asking prices and medians
- There are 95 active for-sale and 9 active for-lease listings in Lakewood, OH. The sale median is based on 71 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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.
- 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: 3,502 zoned acres across 15 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
