Commercial Real Estate Market in Richfield, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
34 active listings and 290 off-market properties in Richfield, OH. Commercial property asks $3,666/SF to buy and $16.51/SF/Yr to lease.
Market Trends
Richfield, OH spans 23.6 square miles in Summit County, Ohio. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Richfield, 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 Richfield, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Richfield, 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 Richfield, OH asks $91/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 71.3%
- Industrial 12.8%
- Commercial 6.2%
- Open space 4.2%
- Planned_development 4%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residential
Office And Limited Industrial
Industrial
Conservation District
Richfield, OH zones 5,600 acres across 14 districts. Commercial zoning covers 6.2% of zoned land, residential 71.3%, open space 4.2% and industrial 12.8%. The largest single district is Single Family Residential at 52.2%. For commercial buyers the practical constraint is that only 19% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
The R-1 Single-Family Residential District is established to accommodate residential development which will protect the health, safety, and welfare of the community through encouraging large lots and low density development, preservation of open space, reduced impact on drainage, water and sewer systems, reducing the need to alter natural topography discoura…
Market overview
Demographics & Economy
Richfield, OH has 6,258 residents in 2,770 households. Density runs 265 people per square mile. Median household income here is $115,227 and median gross rent $1,082 a month.
6,258
Population
2,770
Households
2.3
Avg Household Size
51
Median Age
50%
College-Educated
98%
High-School Grad
23.6 sq mi
ZIP Area
265
Density / Sq Mi
$115,227
Median Household Income
$65,121
Median Earnings
$1,082
Median Rent
$388,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brecksville | $76 (county avg) | $15.51 |
| Broadview Heights | $76 (county avg) | $20.63 |
| North Royalton | $76 (county avg) | $12.59 |
| Independence | $76 (county avg) | $17.61 |
Commercial property in Richfield, OH asks $3,666/SF. The 4 bordering markets run from $76/SF in Brecksville to $76/SF in Brecksville, and the city sits above their $76/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Richfield?
Commercial property in Richfield, OH asks an average of $3,666 per square foot. Multifamily carries the highest asking price at $91/SF.
How much does it cost to lease commercial space in Richfield?
Asking lease rates in Richfield, OH average $16.51 per square foot per year.
How does Richfield compare to nearby markets on price?
Richfield, OH asks $3,666/SF against $76/SF in Brecksville, $76/SF in Broadview Heights, $76/SF in North Royalton and $76/SF in Independence. Brecksville is the cheapest entry point at 98% below Richfield pricing, with $15.51/SF/Yr asking rents.
What zoning applies to commercial property in Richfield?
Richfield, OH zones 5,600 acres across 14 districts, of which 6.2% is commercial and 12.8% industrial. The largest single district is Single Family Residential at 52.2% of zoned land. The R-1 Single-Family Residential District is established to accommodate residential development which will protect the health, safety, and welfare of the community through encouraging large lots and low density development, preservation of open space, reduced impact on drainage, water and sewer systems, reducing the need to alter natural topography discoura… Residential zoning covers 71.3% and open space 4.2%.
Where does Realmo's Richfield market data come from?
Realmo compiles Richfield, OH figures from 6 recent recorded sales, 16 active sale listings, 18 active lease listings, 290 tracked off-market properties, the current Richfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 18 active for-lease listings in Richfield, 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.
- 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: 5,600 zoned acres across 14 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
