2024 Office Space Rent & Sales
- $26.15 2024 Avg. Asking Rent
- 0.86% Y-o-Y Avg. Asking Rent Change
- 14.18% 2024 Office Vacancy Rate
Beachwood office price per square foot in 2024 was $26.15 on average. This marked a +0.86% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 14.18% 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
Beachwood, OH Office Asking Rents by Class
2024 Office Vacancy Rates in Beachwood
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Chagrin Corridor | $24.22 | 12.96% |
| East | $18.77 | 26.52% |
Office Spaces for Rent in Ohio
- Columbus Office Space
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Coworking Spaces in Ohio
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| Office building | Address | SF | Completed |
|---|---|---|---|
| The Hiatus | 3800 Park East Drive, 44122 | 3,500 | 2023 |
| DDR Office Building | 3333 Richmond Road, 44122 | 177,135 | 2009 |
| 23600 Commerce Park Dr | 23600 Commerce Park Dr, 44122 | 12,042 | 2009 |
| Two Chagrin Highlands | 3000 Auburn Drive, 44122 | 114,000 | 2001 |
| One Chagrin Highlands | 2000 Auburn Drive, 44122 | 109,000 | 1998 |
| Commerce Park V | 23250 Chagrin Blvd, 44122 | 60,400 | 1992 |
| Signature Square II | 25101 Chagrin Blvd, 44122 | 84,605 | 1989 |
| 23533 & 23245 Mercantile Road | 23533 Mercantile Road, 44122 | 100,480 | 1988 |
| One Corporate Exchange | 25825 Science Park Drive, 44122 | 88,546 | 1988 |
| Signature Square I | 25201 Chagrin Blvd, 44122 | 82,326 | 1986 |
Worth noting among recent office completions on the Beachwood market is The Hiatus, which is currently the largest new office development in the city, at 3,500 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
- Dallas Office Rent Price
- Miami Office Rent Price
- San Francisco Office Rent Price
- Chicago Office Rent Price
- Washington Office Rent Price
- Atlanta Office Rent Price
- Denver 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 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 Beachwood 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.