What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Broadview Heights commercial real estate market incorporates 388,389 square feet of office space across 7 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Broadview Heights commercial real estate market includes 244,020 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Broadview Heights market, there is a total of 422,983 square feet of industrial property.

What types of commercial real estate are available in Broadview Heights, OH?

The largest share of commercial real estate space for lease in Broadview Heights is represented by Office space , which accounts for 101,477 square feet of available listings. Retail space available in Broadview Heights adds up to 35,433 square feet.

What factors affect the price of commercial real estate in Broadview Heights, OH?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in Broadview Heights, OH?

The average rent for commercial real estate space listed for lease in Broadview Heights is $22.95 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Broadview Heights can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

What are the best areas for commercial real estate in Broadview Heights, OH?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Broadview Heights, depending on the property type you are interested in. Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $23 per square foot. In particular, the property type commanding the highest lease rates in Broadview Heights was Office space.

What is the average size of a commercial property in Broadview Heights, OH?

The average size of a commercial property in Broadview Heights depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Broadview Heights, the average size of an office property is 55,484 square feet. Retail properties here incorporate an average of 34,860 square feet. Industrial space in Broadview Heights is in buildings that are, on average 140,994 square feet in size.

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26 Commercial Real Estate Listings in Broadview Heights, OH

CRE Market Stats

South Hills Office Park - Building III

9200 South Hills Blvd, Broadview Heights, OH
For Lease

$23.00/SF/YR
Property

Office

75,000 SF
Availability

8 Spaces

59,105 SF
Year Built

2000
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Heritage Corporate Center

6001 East Royalton Road, Broadview Heights, OH
For Lease

$22.50/SF/YR
Property

Office

66,099 SF
Availability

2 Spaces

9,843 SF
Year Built

2003
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150 E Sprague

150 E Sprague Rd, Broadview Heights, OH
For Lease

$500.00/MO
Property

Retail

4,200 SF
Availability

2 Spaces

800 SF
Year Built

1957
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8181-8185 Avery Rd

8181-8185 Avery Rd, Broadview Heights, OH
For Sale

$750,000
Property

Retail

6,400 SF
Year Built

1977
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Market Place Business Park

3301 East Royalton Road, Broadview Heights, OH
For Lease

$5.00 - $10.00/SF/YR
Property

Industrial

181,825 SF
Availability

3 Spaces

21,040 SF
Year Built

1978
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South Hills Office Park - Building II

9100 South Hills Blvd, Broadview Heights, OH
For Lease

$23.00/SF/YR
Property

Office

67,000 SF
Availability

1 Space

2,931 SF
Year Built

1997
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8181-8185 Avery Rd

8181-8185 Avery Rd, Broadview Heights, OH
For Lease

$2,165.00/MO
Property

Retail

6,400 SF
Availability

1 Space

2,165 SF
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South Hills Office Park - Building I

9150 South Hills Blvd, Broadview Heights, OH
For Lease

$23.00/SF/YR
Property

Office

62,000 SF
Availability

9 Spaces

29,598 SF
Year Built

1990
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Commercial Land For Sale

9427 Broadview Rd, Broadview Heights, OH
For Sale

Contact for pricing
Property

Other
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Wellpoint Plaza

303 East Royalton Road, Broadview Heights, OH
For Sale

$2,500,000
Property

Retail

22,000 SF
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1.80 acres land - Broadview Heights

0 South Hills Blvd, Broadview Heights, OH
For Sale

Contact for pricing
Property

VacantLand
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1823 Royalton Rd

1823 Royalton Rd, Broadview Heights, OH
For Lease

Contact for pricing
Property

VacantLand

131,987 SF
Availability

1 Space

131,987 SF
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9446 Broadview Road

9446 Broadview Road, Broadview Heights, OH
For Sale

Contact for pricing
Property

VacantLand

43 Acre
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3.14 acres land - Broadview Heights

0 South Hills Blvd Broadview Heights, Broadview Heights, OH
For Sale

Contact for pricing
Property

VacantLand

3.14 Acre
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8.67 acres land - Broadview Heights

0 South Hills Blvd, Broadview Heights, OH
For Sale

Contact for pricing
Property

VacantLand
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5.98 acres land - Broadview Heights

0 South Hills Blvd, Broadview Heights, OH
For Sale

Contact for pricing
Property

VacantLand
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4101 E Royalton Rd #1

4101 E Royalton Rd #1, Broadview Heights, OH
For Lease

Contact for pricing
Property

Retail

10,000 SF
Availability

2 Spaces

6,040 SF
Year Built

1981
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1055 W Royalton Rd

1055 W Royalton Rd, Broadview Heights, OH
For Lease

Contact for pricing
Property

Retail
Availability

1 Space

2,250 SF
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Wellpoint Plaza

303 East Royalton Road, Broadview Heights, OH
For Lease

$14.00/SF/YR
Property

Retail

22,000 SF
Availability

2 Spaces

24,978 SF
View Details (opens in new window)
Off Market
UH Broadview Heights Health Center

5901 East Royalton Road, Broadview Heights, OH
Property

Office

49,470 SF
Year Built

2015
Off Market
4343 East Royalton Road

4343 East Royalton Road, Broadview Heights, OH
Property

Retail

83,495 SF
Year Built

2011
Off Market
Property Two Building

8075 Town Centre Drive, Broadview Heights, OH
Property

Office

42,000 SF
Off Market
Ken Mar Industrial Park

101 Ken Mar Industrial Pkwy, Broadview Heights, OH
Property

Industrial

110,520 SF
Year Built

1989
Off Market
The Office Atrium

3505 East Royalton Road, Broadview Heights, OH
Property

Office

26,820 SF
Year Built

1986
Off Market
3993 East Royalton Road

3993 East Royalton Road, Broadview Heights, OH
Property

Industrial

130,638 SF
Year Built

1970
Off Market
Broadview Village

7979 Broadview Road, Broadview Heights, OH
Property

Retail

93,725 SF
Year Built

1990