Commercial Real Estate Market in Parma Heights, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 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 August 2026.
Office
Office vacancy in Parma 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 Parma 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 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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Parma 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
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.
50,825
Population
23,819
Households
2.1
Avg Household Size
45
Median Age
28%
College-Educated
92%
High-School Grad
17.1 sq mi
ZIP Area
2,965
Density / Sq Mi
$68,099
Median Household Income
$43,474
Median Earnings
$1,045
Median Rent
$184,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Parma | $76 (county avg) | $209.33 |
| Brook Park | $76 (county avg) | $16.88 |
| Brooklyn | $76 (county avg) | — |
| Middleburg Heights | $76 (county avg) | $66.67 |
Commercial property in Parma Heights, OH asks $76/SF. The 4 bordering markets run from $76/SF in Parma to $76/SF in Parma, 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 Parma Heights?
Commercial property in Parma Heights, OH asks an average of $76 per square foot. The 4 most recent recorded sales traded at a median of $130/SF. Multifamily carries the highest asking price at $78/SF.
How does Parma Heights compare to nearby markets on price?
Parma Heights, OH asks $76/SF against $76/SF in Parma, $76/SF in Brook Park, $76/SF in Brooklyn and $76/SF in Middleburg Heights.
Where does Realmo's Parma Heights market data come from?
Realmo compiles Parma Heights, OH figures from 7 recent recorded sales, 5 active lease listings, 215 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 0 active for-sale and 5 active for-lease listings in Parma 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
