Beachwood Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Beachwood is $25.78 per square foot, 1.42% lower compared to the previous year.
  • The market’s vacancy rate stands at 11.38%, lower than the state average of Ohio, which is 22.00%.

2025 Office Space Rent & Sales

  • $25.78 2025 Avg. Asking Rent
  • -1.42% Y-o-Y Avg. Asking Rent Change
  • 11.38% 2025 Office Vacancy Rate

What is the average asking rent price for office space in Beachwood?

Average asking rents for office space here stand at $25.78 per square foot. The local office market recorded an average vacancy rate of 11.38% in 2025, unchanged from 11.38% in 2024.

Beachwood, OH Office Asking Rents by Class

What is the average office rent per square foot by property class in OH?

  • Avg. Asking Rent Class A & A+$23.73
  • Avg. Asking Rent Class B$18.59
  • Avg. Asking Rent Class C$13.83

For comparison, the average rent for Class A and A+ office space in Ohio was $23.73 per square foot. The state-wide average for Class B space was $18.59 per square foot, and Class C office spaces averaged $13.83 per square foot.

Beachwood, OH Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Beachwood was Chagrin Corridor at 10.72%. Meanwhile, the highest office vacancy rate in the market was 28.18%, recorded in East.
Submarket Asking Rents Vacancy Rates
Chagrin Corridor $25.07 10.72%
East $20.42 28.18%
Data provided by Yardi Research

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What are the largest recent office completions in Beachwood?

The largest recent office completion here is DDR Office Building at 177,135 square feet, completed in 2009. The next largest completions are Two Chagrin Highlands and One Chagrin Highlands.

Office building Address SF Completed
25435 Harvard Road 25435 Harvard Road, 44122 59,168 2015
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
One Corporate Exchange 25825 Science Park Drive, 44122 88,546 1988
Signature Square I 25201 Chagrin Blvd, 44122 82,326 1986
Landmark Center 25700 Science Park Drive, 44122 43,725 1985
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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 Yardi Research Data can guarantee that the information provided is complete.