Commercial Real Estate Market in Northfield, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
15 active listings and 331 off-market properties in Northfield, OH. Commercial property asks $219/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Northfield, OH spans 27.0 square miles in Summit County, Ohio. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Northfield, 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 Northfield, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Northfield, 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 Northfield, OH asks $91/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 61.8%
- Industrial 20.8%
- Commercial 17.4%
Largest Zones share of zoned land by district
Residential District
Industrial District
Retail Business District
Light Industrial District
Retail Business District
Northfield, OH zones 681 acres across 6 districts. Commercial zoning covers 17.4% of zoned land, residential 61.8% and industrial 20.8%. The largest single district is Residential District at 57.6%. For commercial buyers the practical constraint is that only 38.2% of land carries a commercial or industrial designation.
Retail Business District (B-1)
In a B-1 Retail Business District no building, structure, lot or land shall be used except for the following purposes: (a) Publicly owned or operated buildings and facilities. (b) Establishments, marts, shops or stores for the sale, at retail only, of commodities, drink, food, goods, merchandise or wares, including facilities or shops for the manufacture of…
Market overview
Demographics & Economy
Northfield, OH has 32,151 residents in 14,099 households. Density runs 1,193 people per square mile. Median household income here is $96,257 and median gross rent $1,538 a month.
32,151
Population
14,099
Households
2.3
Avg Household Size
48
Median Age
40%
College-Educated
94%
High-School Grad
27 sq mi
ZIP Area
1,193
Density / Sq Mi
$96,257
Median Household Income
$51,470
Median Earnings
$1,538
Median Rent
$257,372
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bedford | $76 (county avg) | — |
| Brecksville | $76 (county avg) | $15.68 |
| Solon | $76 (county avg) | $11.92 |
Commercial property in Northfield, OH asks $219/SF. The 3 bordering markets run from $76/SF in Bedford to $76/SF in Bedford, and the city sits above their $76/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Northfield?
Commercial property in Northfield, OH asks an average of $219 per square foot. The 3 most recent recorded sales traded at a median of $130/SF, so asking sits 69% above the achieved median. Multifamily carries the highest asking price at $91/SF.
How much does it cost to lease commercial space in Northfield?
Asking lease rates in Northfield, OH average $12.00 per square foot per year.
How does Northfield compare to nearby markets on price?
Northfield, OH asks $219/SF against $76/SF in Bedford, $76/SF in Brecksville and $76/SF in Solon. Bedford is the cheapest entry point at 65% below Northfield pricing.
What zoning applies to commercial property in Northfield?
Northfield, OH zones 681 acres across 6 districts, of which 17.4% is commercial and 20.8% industrial. The largest single district is Residential District at 57.6% of zoned land. Residential zoning covers 61.8% and open space 0%.
Where does Realmo's Northfield market data come from?
Realmo compiles Northfield, OH figures from 5 recent recorded sales, 10 active sale listings, 5 active lease listings, 331 tracked off-market properties, the current Northfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 5 active for-lease listings in Northfield, 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.
- 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: 681 zoned acres across 6 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
