Commercial Real Estate Market in North Olmsted, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
37 active listings and 570 off-market properties in North Olmsted, OH. Commercial property asks $76/SF to buy and $15.63/SF/Yr to lease.
Market Trends
North Olmsted, OH spans 11.7 square miles in Cuyahoga County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in North Olmsted, 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 North Olmsted, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in North Olmsted, 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 North Olmsted, 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
North Olmsted, OH has 32,442 residents in 13,953 households. Density runs 2,779 people per square mile. Median household income here is $85,435 and median gross rent $1,092 a month.
32,442
Population
13,953
Households
2.3
Avg Household Size
44
Median Age
33%
College-Educated
95%
High-School Grad
11.7 sq mi
ZIP Area
2,779
Density / Sq Mi
$85,435
Median Household Income
$49,900
Median Earnings
$1,092
Median Rent
$202,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Westlake | $76 (county avg) | $19.94 |
| Olmsted Falls | $76 (county avg) | — |
| Fairview Park | $76 (county avg) | — |
| Berea | $76 (county avg) | $23.32 |
Commercial property in North Olmsted, OH asks $76/SF. The 4 bordering markets run from $76/SF in Westlake to $76/SF in Westlake, 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 North Olmsted?
Commercial property in North Olmsted, OH asks an average of $76 per square foot. The 5 most recent recorded sales traded at a median of $132/SF. Multifamily carries the highest asking price at $78/SF.
How much does it cost to lease commercial space in North Olmsted?
Asking lease rates in North Olmsted, OH average $15.63 per square foot per year.
How does North Olmsted compare to nearby markets on price?
North Olmsted, OH asks $76/SF against $76/SF in Westlake, $76/SF in Olmsted Falls, $76/SF in Fairview Park and $76/SF in Berea.
Where does Realmo's North Olmsted market data come from?
Realmo compiles North Olmsted, OH figures from 5 recent recorded sales, 23 active sale listings, 14 active lease listings, 570 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 23 active for-sale and 14 active for-lease listings in North Olmsted, 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
