Commercial Real Estate Market in Parma, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
62 active listings and 1,147 off-market properties in Parma, OH. Commercial property asks $76/SF to buy and $209.33/SF/Yr to lease.
Market Trends
Parma, OH spans 48.4 square miles in Cuyahoga County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Parma, 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, 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, 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, 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
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
Single Family House
Single Family House
Single Family House
Multifamily Residential
Retail Business
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.
Single Family House (SF-A)
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.
139,137
Population
62,872
Households
2.2
Avg Household Size
44
Median Age
28%
College-Educated
93%
High-School Grad
48.4 sq mi
ZIP Area
2,875
Density / Sq Mi
$72,290
Median Household Income
$45,002
Median Earnings
$1,128
Median Rent
$179,016
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Parma Heights | $76 (county avg) | — |
| Seven Hills | $76 (county avg) | — |
| Brooklyn | $76 (county avg) | — |
| Brooklyn Heights | $76 (county avg) | — |
Commercial property in Parma, OH asks $76/SF. The 4 bordering markets run from $76/SF in Parma Heights to $76/SF in Parma Heights, 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?
Commercial property in Parma, OH asks an average of $76 per square foot. The 5 most recent recorded sales traded at a median of $116/SF. Multifamily carries the highest asking price at $78/SF.
How much does it cost to lease commercial space in Parma?
Asking lease rates in Parma, OH average $209.33 per square foot per year.
How does Parma compare to nearby markets on price?
Parma, OH asks $76/SF against $76/SF in Parma Heights, $76/SF in Seven Hills, $76/SF in Brooklyn and $76/SF in Brooklyn Heights.
What zoning applies to commercial property in Parma?
Parma, OH zones 12,847 acres across 17 districts, of which 5.1% is commercial and 7.5% industrial. The largest single district is Single Family House at 32.7% of zoned land. To provide for exclusive single family residential uses where they are compatible with existing residential development within the City Residential zoning covers 87.1% and open space 0%.
Where does Realmo's Parma market data come from?
Realmo compiles Parma, OH figures from 7 recent recorded sales, 31 active sale listings, 31 active lease listings, 1,147 tracked off-market properties, the current Parma zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 31 active for-sale and 31 active for-lease listings in Parma, 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.
- 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 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
