Commercial Real Estate Market in Mayfield Heights, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 281 off-market properties in Mayfield Heights, OH. Commercial property asks $76/SF to buy and $20.00/SF/Yr to lease.
Market Trends
Mayfield Heights, OH spans 15.2 square miles in Cuyahoga County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mayfield Heights, 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 Mayfield Heights, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mayfield Heights, 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 Mayfield Heights, 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
Mayfield Heights, OH has 40,530 residents in 20,064 households. Density runs 2,674 people per square mile. Median household income here is $78,895 and median gross rent $1,132 a month.
40,530
Population
20,064
Households
2
Avg Household Size
44
Median Age
51%
College-Educated
96%
High-School Grad
15.2 sq mi
ZIP Area
2,674
Density / Sq Mi
$78,895
Median Household Income
$55,741
Median Earnings
$1,132
Median Rent
$210,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lyndhurst | $76 (county avg) | — |
| Mayfield | $76 (county avg) | — |
| Mayfield Village | $76 (county avg) | — |
| Gates Mills | $76 (county avg) | — |
Commercial property in Mayfield Heights, OH asks $76/SF. The 4 bordering markets run from $76/SF in Lyndhurst to $76/SF in Lyndhurst, 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 Mayfield Heights?
Commercial property in Mayfield Heights, OH asks an average of $76 per square foot. The 3 most recent recorded sales traded at a median of $40/SF, so asking sits 88% above the achieved median. Multifamily carries the highest asking price at $78/SF.
How much does it cost to lease commercial space in Mayfield Heights?
Asking lease rates in Mayfield Heights, OH average $20.00 per square foot per year.
How does Mayfield Heights compare to nearby markets on price?
Mayfield Heights, OH asks $76/SF against $76/SF in Lyndhurst, $76/SF in Mayfield, $76/SF in Mayfield Village and $76/SF in Gates Mills.
Where does Realmo's Mayfield Heights market data come from?
Realmo compiles Mayfield Heights, OH figures from 4 recent recorded sales, 4 active sale listings, 13 active lease listings, 281 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 13 active for-lease listings in Mayfield Heights, 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
