Parma, OH
Commercial Real Estate Market Trends & Data

$788 Avg asking sale price
$14 Avg asking lease rate
19,547 SF Avg unit lease size
21,795 SF Avg building size for sale
5.88% Average cap rate

Parma's Demographic Profile

Parma has 32,301 households and a median income of $62,843, providing context for rent absorption and tenant demand across retail and multifamily assets. A -4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 74,887
# Households 32,301
Median age 42
Median household income $62,843
Avg household size 2.0
Renter-occupied housing units 9,638
5-year population change -4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Parma, OH

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Middleburg Heights $106 10,627 SF 7.20%
Independence $85 94,726 SF 9.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Parma $1,423 10,400 SF
Parma Heights $2,714 1,500 SF
Brooklyn $107 12,328 SF
Middleburg Heights $1,180 3,732 SF
Independence $183 289,337 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Brooklyn $77 7,319 SF 12.39%
Garfield Heights $77 10,042 SF 9.27%
Cleveland $79 21,789 SF 25.00%

Commercial Properties For Sale in Parma

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

4780 Briar Rd

Cleveland, OH 44135

  • 12,120 SF Industrial Building
  • $899,000
For Sale

7 Brew Coffee | OH | Drive Thru 1.23 Acres

Parma Heights, OH 44130

  • 560 SF Retail Building
  • 6.25% Cap Rate
  • $2,485,000
For Sale

6483 State Rd

Parma, OH 44134

  • 9,267 SF Office Building
  • $799,000
For Sale

Corporate Wendy's Long NNN lease

Parma Heights, OH 44130

  • 2,440 SF Retail Building
  • 5.50% Cap Rate
  • $2,418,000
For Sale

Anderson Processing

Brooklyn Heights, OH 44131

  • 21,227 SF Industrial Building
  • $1,350,000
For Sale

12200 Corporate Dr

Parma, OH 44130

  • 102,200 SF Industrial Building
  • $12,000,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Parma pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Parma $788 21,795 SF
Parma Heights $1,849 27,830 SF
Seven Hills $85 7,050 SF
Brooklyn $138 29,973 SF
Brooklyn Heights $72 21,951 SF

Regional Demographic Comparison

This comparison places Parma alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Parma or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Parma 74,887 32,301 42 $62,843 2 9,638 -4%
Parma Heights 19,721 9,096 43 $55,851 2 3,895 -3%
Seven Hills 10,893 4,691 51 $88,601 2 301 -3%
Brooklyn 10,608 4,883 43 $55,452 2 2,127 -3%
Brooklyn Heights 1,362 545 45 $90,749 3 75 -5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Parma, OH and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Parma

View All Commercial Real Estate For Sale in Parma
Is Parma a good market for a first-time commercial real estate investor?

Parma offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Parma?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Parma. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Parma?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Parma. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Parma compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Parma. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Parma acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Parma, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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