Commercial Real Estate Market in Sheffield Village, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
133 active listings and 3,217 off-market properties in Sheffield Village, OH. Commercial property asks $290/SF to buy and $11.89/SF/Yr to lease.
Market Trends
Sheffield Village, OH spans 60.1 square miles in Lorain County, Ohio. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Sheffield Village, 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 Sheffield Village, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Sheffield Village, 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 Sheffield Village, OH asks $88/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
Sheffield Village, OH has 74,405 residents in 35,696 households. Density runs 1,238 people per square mile. Median household income here is $57,515 and median gross rent $903 a month.
74,405
Population
35,696
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
89%
High-School Grad
60.1 sq mi
ZIP Area
1,238
Density / Sq Mi
$57,515
Median Household Income
$39,955
Median Earnings
$903
Median Rent
$152,634
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sheffield | — | — |
| Elyria | — | $11.89 |
| Lorain | — | $9.97 |
Commercial property in Sheffield Village, OH asks $290/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Sheffield Village?
Commercial property in Sheffield Village, OH asks an average of $290 per square foot. The 6 most recent recorded sales traded at a median of $112/SF, so asking sits 158% above the achieved median. Multifamily carries the highest asking price at $88/SF.
How much does it cost to lease commercial space in Sheffield Village?
Asking lease rates in Sheffield Village, OH average $11.89 per square foot per year.
Where does Realmo's Sheffield Village market data come from?
Realmo compiles Sheffield Village, OH figures from 8 recent recorded sales, 95 active sale listings, 38 active lease listings, 3,217 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 95 active for-sale and 38 active for-lease listings in Sheffield Village, 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.
- 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
