Commercial Real Estate Market in Parma, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
71 active listings and 1,147 off-market properties in Parma, OH. Commercial property asks $101/SF to buy and $14.64/SF/Yr to lease (based on 4 listings).
Market Trends
Parma, OH spans 48.4 square miles in Cuyahoga County, Ohio. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Parma, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Parma, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Parma, 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, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 87.1%
- Industrial 7.5%
- Commercial 5.1%
- Mixed use 0.3%
- Open space 0%
Largest Zones share of zoned land by district
Parma, OH zones 12,847 acres across 17 districts. Commercial zoning covers 5.1% of zoned land, residential 87.1%, open space 0% and industrial 7.5%. The largest single district is Single Family House at 32.7%. For commercial buyers the practical constraint is that only 12.6% of land carries a commercial or industrial designation.
To provide for exclusive single family residential uses where they are compatible with existing residential development within the City
Market overview
Demographics & Economy
Parma, OH has 139,137 residents in 62,872 households. Density runs 2,875 people per square mile. Median household income here is $72,290 and median gross rent $1,128 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Parma?
How much does it cost to lease commercial space in Parma?
What zoning applies to commercial property in Parma?
Where does Realmo's Parma market data come from?
Methodology & data sources
- Asking prices and medians
- There are 31 active for-sale and 40 active for-lease listings in Parma, OH. The medians are based on 14 of the for-sale and 4 of the for-lease listings, those that state a price or rent per square foot. 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.
- 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: 12,847 zoned acres across 17 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 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
