Commercial Real Estate Market in Parma Heights, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
4 active listings and 215 off-market properties in Parma Heights, OH.
Market Trends
Parma Heights, OH spans 17.1 square miles in Cuyahoga County, Ohio. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Parma Heights, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Parma Heights, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Parma 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%.
Multifamily
Across Cuyahoga County, multifamily space asks $76/SF to buy. Multifamily vacancy in Parma Heights, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Parma Heights, OH has 50,825 residents in 23,819 households. Density runs 2,965 people per square mile. Median household income here is $68,099 and median gross rent $1,045 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Parma | $101 | $14.64 |
| Brook Park | $76 (county avg) | $17.50 |
| Brooklyn | $76 (county avg) | — |
| Middleburg Heights | $76 (county avg) | $29.00 |
Across Cuyahoga County, commercial property asks $76/SF. That compares with $101/SF in Parma.
Frequently Asked Questions
What does commercial property cost per square foot in Parma Heights?
How does Parma Heights compare to nearby markets on price?
Where does Realmo's Parma Heights market data come from?
Methodology & data sources
- Asking prices and medians
- There are 1 active for-sale and 3 active for-lease listings in Parma Heights, OH. The sale figure is the Cuyahoga County average, as too few listings here 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.
- 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 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
