Commercial Real Estate Market in South Russell, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in South Russell, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in South Russell, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in South Russell, 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%.
Multifamily
Multifamily space in South Russell, OH asks $78/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Chagrin Falls | $76 (county avg) | — |
| Russell Township | $76 (county avg) | — |
| Bentleyville | $76 (county avg) | — |
| Moreland Hills | $76 (county avg) | — |
Commercial property in South Russell, OH asks $76/SF. The 4 bordering markets run from $76/SF in Chagrin Falls to $76/SF in Chagrin Falls, 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 South Russell?
How does South Russell compare to nearby markets on price?
Methodology & data sources
- 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
