Shaker Heights, OH
Commercial Real Estate Market Trends & Data

$178 Avg asking sale price
$19 Avg asking lease rate
22,337 SF Avg unit lease size
36,100 SF Avg building size for sale
8.90% Average cap rate

Shaker Heights's Demographic Profile

Shaker Heights has 11,425 households and a median income of $96,506, 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 27,192
# Households 11,425
Median age 42
Median household income $96,506
Avg household size 2.0
Renter-occupied housing units 4,558
5-year population change -4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Shaker Heights, OH

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Shaker Heights $99 16,587 SF
Highland Hills $230 14,846 SF
University Heights $148 2,698 SF
Beachwood $208 32,666 SF
Warrensville Heights $475 9,105 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Shaker Heights $102 25,735 SF 10.79%
Highland Hills $89 13,532 SF 9.27%
Warrensville Heights $81 8,004 SF 7.69%
Cleveland Heights $55 47,002 SF 10.79%
East Cleveland $59 46,976 SF 8.50%

Commercial Properties For Sale in Shaker Heights

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

10210 Woodland Ave

Cleveland, OH 44104

  • 8,600 SF Flex Building
  • $289,900
For Sale

3589 Cedarbrook Rd

Cleveland Heights, OH 44118

  • 1,458 SF Specialty
  • 6.87% Cap Rate
  • $1,740,000
For Sale

Farnsleigh Apartments

Shaker Heights, OH 44122

  • 19,236 SF Multifamily
  • 7.00% Cap Rate
  • $2,150,000
For Sale

4300 Cranwood Pky

Warrensville Heights, OH 44128

  • 12,000 SF Industrial Building
  • $1,000,000
For Sale

16436 Miles Rd

Cleveland, OH 44128

  • 4,008 SF Specialty
  • $550,000
For Sale

Newport Square

Beachwood, OH 44122

  • 19,622 SF Office Building
  • $1,750,000

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 Shaker Heights pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Shaker Heights $178 36,100 SF
Highland Hills $186 27,276 SF
University Heights $671 2,078 SF
Beachwood $141 62,980 SF
Warrensville Heights $283 7,517 SF

Multifamily Properties For Sale in Shaker Heights

For Sale

La Collina Little Italy

Cleveland, OH 44106

  • 60,644 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Shaker Heights 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 Shaker Heights or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Shaker Heights 27,192 11,425 42 $96,506 2 4,558 -4%
Highland Hills 62,604 27,231 43 $61,758 2 12,461 -2%
University Heights 12,910 4,463 31 $85,403 3 1,538 -3%
Beachwood 13,733 5,766 45 $95,806 2 2,758 -2%
Warrensville Heights 13,355 6,050 38 $41,460 2 3,831 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Shaker Heights, 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 Shaker Heights

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

Shaker Heights 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 Shaker Heights?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Shaker Heights. 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 Shaker Heights?

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

How does Shaker Heights compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Shaker Heights. 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 Shaker Heights acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Shaker Heights, 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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