Commercial Real Estate Market in Shaker Heights, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
37 active listings and 363 off-market properties in Shaker Heights, OH.
Market Trends
Shaker Heights, OH spans 24.7 square miles in Cuyahoga County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Shaker 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 Shaker 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 Shaker 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 Shaker 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
Shaker Heights, OH has 111,121 residents in 56,227 households. Density runs 4,490 people per square mile. Median household income here is $73,883 and median gross rent $1,202 a month.
111,121
Population
56,227
Households
2
Avg Household Size
39
Median Age
54%
College-Educated
95%
High-School Grad
24.7 sq mi
ZIP Area
4,490
Density / Sq Mi
$73,883
Median Household Income
$46,661
Median Earnings
$1,202
Median Rent
$209,813
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| University Heights | $76 (county avg) | — |
| Cleveland Heights | $76 (county avg) | — |
| Cleveland | $76 (county avg) | $13.62 |
| Woodmere | $76 (county avg) | — |
Commercial property in Shaker Heights, OH asks $76/SF. The 4 bordering markets run from $76/SF in University Heights to $76/SF in University 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 Shaker Heights?
Commercial property in Shaker Heights, OH asks an average of $76 per square foot. Multifamily carries the highest asking price at $78/SF.
How does Shaker Heights compare to nearby markets on price?
Shaker Heights, OH asks $76/SF against $76/SF in University Heights, $76/SF in Cleveland Heights, $76/SF in Cleveland and $76/SF in Woodmere.
Where does Realmo's Shaker Heights market data come from?
Realmo compiles Shaker Heights, OH figures from 6 recent recorded sales, 28 active sale listings, 9 active lease listings, 363 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 28 active for-sale and 9 active for-lease listings in Shaker 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
