Commercial Real Estate Market in Westlake, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
59 active listings and 1,030 off-market properties in Westlake, OH. Commercial property asks $76/SF to buy and $19.94/SF/Yr to lease.
Market Trends
Westlake, OH spans 15.9 square miles in Cuyahoga County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Westlake, 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 Westlake, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Westlake, 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 Westlake, 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
- Open space 70.1%
- Industrial 8.7%
- Residential 7.7%
- Commercial 6.5%
- Planned_development 2.6%
Largest Zones share of zoned land by district
One Family
Exclusive Industrial
Multifamily 24
General Business
Office Building
Westlake, OH zones 9,931 acres across 21 districts. Commercial zoning covers 6.5% of zoned land, residential 7.7%, open space 70.1% and industrial 8.7%. The largest single district is One Family at 67.2%. For commercial buyers the practical constraint is that only 15.2% of land carries a commercial or industrial designation.
One Family (R-1F-80)
The purpose of this zone is to regulate bulk and location of buildings in relation to the land in order to obtain proper light, air, privacy and usable open spaces on each zoning lot appropriate for the district and to provide lots with adequate width to accommodate the development of houses of contemporary standards of design.
Market overview
Demographics & Economy
Westlake, OH has 34,228 residents in 15,781 households. Density runs 2,148 people per square mile. Median household income here is $110,101 and median gross rent $1,480 a month.
34,228
Population
15,781
Households
2.2
Avg Household Size
47
Median Age
58%
College-Educated
96%
High-School Grad
15.9 sq mi
ZIP Area
2,148
Density / Sq Mi
$110,101
Median Household Income
$63,385
Median Earnings
$1,480
Median Rent
$336,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Olmsted | $76 (county avg) | $15.63 |
| Bay Village | $76 (county avg) | — |
| Fairview Park | $76 (county avg) | — |
| Rocky River | $76 (county avg) | — |
Commercial property in Westlake, OH asks $76/SF. The 4 bordering markets run from $76/SF in North Olmsted to $76/SF in North Olmsted, 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 Westlake?
Commercial property in Westlake, OH asks an average of $76 per square foot. The 6 most recent recorded sales traded at a median of $190/SF. Multifamily carries the highest asking price at $78/SF.
How much does it cost to lease commercial space in Westlake?
Asking lease rates in Westlake, OH average $19.94 per square foot per year.
How does Westlake compare to nearby markets on price?
Westlake, OH asks $76/SF against $76/SF in North Olmsted, $76/SF in Bay Village, $76/SF in Fairview Park and $76/SF in Rocky River.
What zoning applies to commercial property in Westlake?
Westlake, OH zones 9,931 acres across 21 districts, of which 6.5% is commercial and 8.7% industrial. The largest single district is One Family at 67.2% of zoned land. The purpose of this zone is to regulate bulk and location of buildings in relation to the land in order to obtain proper light, air, privacy and usable open spaces on each zoning lot appropriate for the district and to provide lots with adequate width to accommodate the development of houses of contemporary standards of design. Residential zoning covers 7.7% and open space 70.1%.
Where does Realmo's Westlake market data come from?
Realmo compiles Westlake, OH figures from 7 recent recorded sales, 30 active sale listings, 29 active lease listings, 1,030 tracked off-market properties, the current Westlake zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 29 active for-lease listings in Westlake, 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: 9,931 zoned acres across 21 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
