2023 Office Space Rent & Sales
- $22.88 2023 Avg. Asking Rent
- 0.39% Y-o-Y Avg. Asking Rent Change
- 13.96% 2023 Office Vacancy Rate
Mayfield Heights office price per square foot in 2023 was $22.88 on average. This marked a +0.39% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 13.96% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Ohio Class A & A+ Office Space$24.12
- Ohio Class B Office Space$18.73
- Ohio Class C Office Space$19.85
Mayfield Heights, OH Office Asking Rents by Class
Office Spaces for Rent in Ohio
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Coworking Spaces in Ohio
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Landerbrook Corporate Center III | 5920 Landerbrook Drive, 44124 | 114,448 | 2001 |
| Landerbrook Corporate Center I | 5900 Landerbrook Drive, 44124 | 112,900 | 1998 |
| Landerhaven Corporate Park - 300 Allen Bradley Drive | 300 Allen Bradley Drive, 44124 | 36,783 | 1998 |
| Renaissance Center | 5800 Landerbrook Drive, 44124 | 27,576 | 1998 |
| Parkland Terrace | 6120 Parkland Blvd, 44124 | 34,935 | 1996 |
| The Monarch Centre | 5885 Landerbrook Drive, 44124 | 84,384 | 1988 |
| Landerbrook Place | 5915 Landerbrook Drive, 44124 | 77,580 | 1988 |
| Paragon Center I & II | 6140 Parkland Blvd, 44124 | 87,236 | 1987 |
| Landerhaven Office Plaza | 6005 Landerhaven Drive, 44124 | 75,000 | 1987 |
| 6000 Parkland Blvd | 6000 Parkland Blvd, 44124 | 77,000 | 1986 |
Worth noting among recent office completions on the Mayfield Heights market is Landerbrook Corporate Center III, which is currently the largest new office development in the city, at 114,448 square feet.
See reports for other markets
- Cincinnati Office Rent Price
- Columbus Office Rent Price
- Cleveland Office Rent Price
- Dayton Office Rent Price
- Akron Office Rent Price
- Toledo Office Rent Price
- Dublin Office Rent Price
- Blue Ash Office Rent Price
- Canton Office Rent Price
- Atlanta Office Rent Price
- San Francisco Office Rent Price
- Washington Office Rent Price
- Dallas Office Rent Price
- Manhattan Office Rent Price
- Denver Office Rent Price
- Miami Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Mayfield Heights commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.