Commercial Real Estate Market in Solon, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
69 active listings and 667 off-market properties in Solon, OH. Commercial property asks $76/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Solon, OH spans 22.9 square miles in Cuyahoga County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Solon, 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 Solon, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Solon, 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 Solon, 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 74.7%
- Industrial 17.1%
- Open space 3.5%
- Commercial 2%
- Mixed use 0.2%
Largest Zones share of zoned land by district
Single Family Residential 1 Acre
Single Family Residential 24000
Industrial Manufacturing
Single Family Residential 16000
Single Family Residential 5 Acre
Solon, OH zones 12,837 acres across 26 districts. Commercial zoning covers 2% of zoned land, residential 74.7%, open space 3.5% and industrial 17.1%. The largest single district is Single Family Residential 1 Acre at 38%. For commercial buyers the practical constraint is that only 19% of land carries a commercial or industrial designation.
Industrial Manufacturing (I-2)
CHAPTER 1280 “I-2” (INDUSTRIAL MANUFACTURING) CHAPTER 1281 “I-3” (INDUSTRIAL AUTO SERVICE) CHAPTER 1282 “G-1” (GREENSPACE) CHAPTER 1283 “G-2” (PARKS AND RECREATION) CHAPTER 1284 “MPD” (MIXED-USE PLANNING DISTRICT) CHAPTER 1284-A “MPD-A” (MIXED-USE PLANNING DISTRICT) 86 The Zoning Code for The City of Solon Updated 6/3/2024 1271.01 PURPOSE: The “0-1” (General…
Market overview
Demographics & Economy
Solon, OH has 25,331 residents in 9,347 households. Density runs 1,104 people per square mile. Median household income here is $134,924 and median gross rent $1,468 a month.
25,331
Population
9,347
Households
2.7
Avg Household Size
44
Median Age
63%
College-Educated
95%
High-School Grad
22.9 sq mi
ZIP Area
1,104
Density / Sq Mi
$134,924
Median Household Income
$73,281
Median Earnings
$1,468
Median Rent
$373,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bentleyville | $76 (county avg) | — |
| Glenwillow | $76 (county avg) | — |
| Chagrin Falls | $76 (county avg) | — |
| Moreland Hills | $76 (county avg) | — |
Commercial property in Solon, OH asks $76/SF. The 4 bordering markets run from $76/SF in Bentleyville to $76/SF in Bentleyville, 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 Solon?
Commercial property in Solon, OH asks an average of $76 per square foot. The 7 most recent recorded sales traded at a median of $161/SF. Multifamily carries the highest asking price at $78/SF.
How much does it cost to lease commercial space in Solon?
Asking lease rates in Solon, OH average $12.00 per square foot per year.
How does Solon compare to nearby markets on price?
Solon, OH asks $76/SF against $76/SF in Bentleyville, $76/SF in Glenwillow, $76/SF in Chagrin Falls and $76/SF in Moreland Hills.
What zoning applies to commercial property in Solon?
Solon, OH zones 12,837 acres across 26 districts, of which 2% is commercial and 17.1% industrial. The largest single district is Single Family Residential 1 Acre at 38% of zoned land. Residential zoning covers 74.7% and open space 3.5%.
Where does Realmo's Solon market data come from?
Realmo compiles Solon, OH figures from 7 recent recorded sales, 22 active sale listings, 47 active lease listings, 667 tracked off-market properties, the current Solon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 47 active for-lease listings in Solon, 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: 12,837 zoned acres across 26 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
