Commercial Real Estate Market in Olmsted Falls, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 203 off-market properties in Olmsted Falls, OH.
Market Trends
Olmsted Falls, OH spans 13.8 square miles in Cuyahoga County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Olmsted Falls, 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 Olmsted Falls, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Olmsted Falls, 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 Olmsted Falls, 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
Olmsted Falls, OH has 23,088 residents in 10,024 households. Density runs 1,672 people per square mile. Median household income here is $93,877 and median gross rent $1,210 a month.
23,088
Population
10,024
Households
2.3
Avg Household Size
43
Median Age
45%
College-Educated
97%
High-School Grad
13.8 sq mi
ZIP Area
1,672
Density / Sq Mi
$93,877
Median Household Income
$55,186
Median Earnings
$1,210
Median Rent
$239,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Berea | $76 (county avg) | $23.32 |
| North Olmsted | $76 (county avg) | $15.63 |
| Westlake | $76 (county avg) | $19.94 |
| Middleburg Heights | $76 (county avg) | $66.67 |
Commercial property in Olmsted Falls, OH asks $76/SF. The 4 bordering markets run from $76/SF in Berea to $76/SF in Berea, 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 Olmsted Falls?
Commercial property in Olmsted Falls, OH asks an average of $76 per square foot. The 7 most recent recorded sales traded at a median of $130/SF. Multifamily carries the highest asking price at $78/SF.
How does Olmsted Falls compare to nearby markets on price?
Olmsted Falls, OH asks $76/SF against $76/SF in Berea, $76/SF in North Olmsted, $76/SF in Westlake and $76/SF in Middleburg Heights.
Where does Realmo's Olmsted Falls market data come from?
Realmo compiles Olmsted Falls, OH figures from 7 recent recorded sales, 3 active sale listings, 1 active lease listings, 203 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 3 active for-sale and 1 active for-lease listings in Olmsted Falls, 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
