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 Solon commercial real estate market incorporates 1,684,315 square feet of office space across 35 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 Solon commercial real estate market includes 948,138 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 Solon market, there is a total of 12,626,016 square feet of industrial property.

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

The largest share of commercial real estate space for lease in Solon is represented by Industrial space , which accounts for 1,057,969 square feet of available listings. Office space available in Solon adds up to 285,148 square feet.

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

The average rent for commercial real estate space listed for lease in Solon is $7.56 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 Solon 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 Solon, 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 Solon, 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 $14 per square foot. In particular, the property type commanding the highest lease rates in Solon was Office space. Conversely, the highest sale price last year was $8,269,310 that is located at 30455 Solon Road.

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

The average size of a commercial property in Solon 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 Solon, the average size of an office property is 52,635 square feet. Retail properties here incorporate an average of 105,349 square feet. Industrial space in Solon is in buildings that are, on average 163,974 square feet in size.

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128 Commercial Real Estate Listings in Solon, OH

CRE Market Stats

Heritage Professional Building

34501 Aurora Road, Solon, OH
For Lease

Contact for pricing
Property

Office

26,490 SF
Availability

5 Spaces

9,814 SF
Year Built

1979
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29201 Aurora Road

29201 Aurora Road, Solon, OH
For Lease

$6.00/SF/YR
Property

Industrial

152,896 SF
Availability

1 Space

122,000 SF
Year Built

1975
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28625 Fountain Pkwy

28625 Fountain Pkwy, Solon, OH
For Lease

Contact for pricing
Property

Industrial

240,477 SF
Availability

1 Space

142,038 SF
Year Built

1998
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28900 Fountain Pkwy

28900 Fountain Pkwy, Solon, OH
For Lease

$6.75/SF/YR
Property

Industrial

108,700 SF
Availability

1 Space

32,907 SF
Year Built

1997
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28925 Fountain Pkwy

28925 Fountain Pkwy, Solon, OH
For Lease

Contact for pricing
Property

Office

100,000 SF
Availability

1 Space

100,000 SF
Year Built

2001
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6551-6571 & 6573 Cochran Road

6573 Cochran Road, Solon, OH
For Lease

$14.00/SF/YR
Property

Industrial

112,800 SF
Availability

1 Space

5,245 SF
Year Built

1988
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Davis Parkway

6441 Davis Industrial Pkwy, Solon, OH
For Lease

$6.50/SF/YR
Property

Industrial

42,000 SF
Availability

1 Space

42,000 SF
Year Built

1985
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6325 Cochran Rd

6325 Cochran Rd, Solon, OH
For Lease

$1,000.00/MO
Property

Office

10,000 SF
Availability

1 Space

10,000 SF
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30600 Carter Street

30600 Carter Street, Solon, OH
For Lease

Contact for pricing
Property

Industrial

190,188 SF
Availability

1 Space

32,510 SF
Year Built

1971
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Saint Gobain Performance Plastics Corporate Headquarters

31500 Solon Road, Solon, OH
For Lease

$17.00/SF/YR
Property

Office

50,461 SF
Availability

1 Space

53,690 SF
Year Built

1989
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31000 Bainbridge Rd

31000 Bainbridge Rd, Solon, OH
For Sale

Call for pricing
Property

Industrial

12,300 SF
Year Built

1989
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Arbor Court II

30575 Bainbridge Road, Solon, OH
For Lease

$18.50/SF/YR
Property

Office

66,182 SF
Availability

5 Spaces

28,186 SF
Year Built

1997
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Solon Business Park North

30825 Aurora Road, Solon, OH
For Lease

$12.00/SF/YR
Property

Office

46,450 SF
Availability

1 Space

31,750 SF
Year Built

1997
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Uptown Solon

6025 Kruse Drive, Solon, OH
For Lease

Contact for pricing
Property

Retail

181,734 SF
Availability

7 Spaces

34,000 SF
Year Built

1998
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Class A Office Space For Lease - The Solon Marquis

32125 Solon Road, Solon, OH
For Lease

Contact for pricing
Property

Office
Availability

1 Space

22,000 SF
Year Built

2000
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St. Vincent Charity - Solon Medical Campus

33001 Solon Road, Solon, OH
For Lease

$15.00/SF/YR
Property

Office

59,470 SF
Availability

1 Space

2,038 SF
Year Built

1981
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5821 Harper Road

5821 Harper Road, Solon, OH
For Lease

$8.00 - $14.00/SF/YR
Property

Industrial

66,915 SF
Availability

3 Spaces

38,046 SF
Year Built

1969
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Raintree Industrial Park - 5201 & 5250 Naiman Pkwy

5201 Naiman Pkwy, Solon, OH
For Lease

$5.25 - $10.25/SF/YR
Property

Industrial

104,040 SF
Availability

2 Spaces

28,198 SF
Year Built

1976
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30725 Solon Industrial Pkwy

30725 Solon Industrial Pkwy, Solon, OH
For Lease

Contact for pricing
Property

Industrial

181,776 SF
Availability

1 Space

199,146 SF
Year Built

1993
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Davis Parkway

6441 Davis Industrial Pkwy, Solon, OH
For Sale

$3,250,000
Property

Industrial

42,000 SF
Year Built

1985
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Davis Industrial Park - 6575 Davis Industrial Pkwy

6575 Davis Industrial Pkwy, Solon, OH
For Lease

Contact for pricing
Property

Industrial

105,479 SF
Availability

2 Spaces

71,954 SF
Year Built

1980
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32405 & 32425 Aurora Road

32405 Aurora Road, Solon, OH
For Lease

$11.00/SF/YR
Property

Industrial

67,157 SF
Availability

1 Space

14,508 SF
Year Built

2004
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Raintree Industrial Park - 5265, 5325 & 5351 Naiman Pkwy

5265 Naiman Pkwy, Solon, OH
For Lease

$5.25 - $7.75/SF/YR
Property

Industrial

139,670 SF
Availability

4 Spaces

14,075 SF
Year Built

1973
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Carnegie Corporate Plaza

6180 Cochran Road, Solon, OH
For Lease

Contact for pricing
Property

Industrial

79,014 SF
Availability

1 Space

6,440 SF
Year Built

1982
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30725 Solon Industrial Pkwy

30725 Solon Industrial Pkwy, Solon, OH
For Sale

Contact for pricing
Property

Industrial

199,146 SF
Year Built

1993
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6325 Cochran Road

6325 Cochran Road, Solon, OH
For Lease

$10.00/SF/YR
Property

Office

2,940 SF
Availability

1 Space

2,940 SF
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