2024 Office Space Rent & Sales
- $24.96 2024 Avg. Asking Rent
- 23.53% 2024 Office Vacancy Rate
North Olmsted office price per square foot in 2024 was $24.96 on average. The local office market recorded an average vacancy rate of 23.53% 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
North Olmsted, OH Office Asking Rents by Class
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 27350 Lorain Road | 27350 Lorain Road, 44070 | 2,494 | 2023 |
| Millennium Place West | 25221 Country Club Blvd, 44070 | 72,040 | 1988 |
| North Pheasant Run Plaza | 28867 Lorain Rd, 44070 | 30,804 | 1988 |
| Millennium Place East | 25111 Country Club Blvd, 44070 | 72,040 | 1986 |
Worth noting among recent office completions on the North Olmsted market is 27350 Lorain Road, which is currently the largest new office development in the city, at 2,494 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 Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all North Olmsted 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 Yardi Research Data can guarantee that the information provided is complete.