2024 Office Space Rent & Sales
- $20.01 2024 Avg. Asking Rent
- 16.20% 2024 Office Vacancy Rate
Richfield office price per square foot in 2024 was $20.01 on average. The local office market recorded an average vacancy rate of 16.20% 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
2024 Average Office Rent per Square Foot
- Ohio Class A & A+ Office Space$23.67
- Ohio Class B Office Space$18.24
- Ohio Class C Office Space$14.24
Richfield, OH Office Asking Rents by Class
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2024 Office Construction in Richfield, OH
Office building | Address | SF | Completed |
---|---|---|---|
Stonegate Business Center I | 4180 Highlander Pkwy, 44286 | 59,920 | 2005 |
Stonegate Technology Center I, II & III | 4170 Highlander Pkwy, 44286 | 99,468 | 2004 |
Stonegate Corporate Center | 4125 Highlander Pkwy, 44286 | 117,694 | 2003 |
Richfield Office Park | 5145 Brecksville Road, 44286 | 51,549 | 2002 |
Richfield Commons | 4174 Wheatly Road, 44286 | 47,026 | 2000 |
Richfield Courtyard Commons 1 | 4816 Brecksville Road, 44286 | 34,350 | 1999 |
3900 Kinross Lakes Pkwy | 3900 Kinross Lakes Pkwy, 44286 | 86,000 | 1998 |
Aetna Building | 4059 Kinross Lakes Pkwy, 44286 | 80,770 | 1996 |
The Summit I | 3046 Brecksville Road, 44286 | 44,728 | 1994 |
4767 Brecksville Rd | 4767 Brecksville Rd, 44286 | 10,054 | 1963 |
Worth noting among recent office completions on the Richfield market is Stonegate Business Center I, which is currently the largest new office development in the city, at 59,920 square feet.
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Richfield 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.