Shoppes at Parma — Lease in Parma, OH

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Property
  • Location: Parma, OH 44129

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Description

Multiple Retail Opportunities at The Shoppes at Parma, a 756,000 SF Dominant, Dynamic Power Center in NE Ohio According to Placer.ai (Full Year 2022 Study), Shoppes at Parma ranks: - #1 most visited power center in a 15 mile radius - #4 most visited shopping center in the state of Ohio (99th percentile) - 521 out of 32,367 ranked shopping center in the country (98th percentile)

Market Context

This retail in Parma, OH is listed for lease. Compare it against other retail listings for lease in Parma, OH — view the full market.

As of Q1 2026, the Cleveland retail market showed a 5.1% vacancy rate, average asking rents near $16.10/SF/yr, rents up 0.7% year over year, and cap rates around 8.8%. Source: Matthews Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Cleveland?
About 8.8% as of Q1 2026, per Matthews.
Is the Cleveland retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q1 2026).

Contact the listing broker

This listing comes from the CBRE website. CREhunt does not pass messages to the broker. Contact the broker directly.

Questions to ask the broker

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  • What is the asking rent, and is it quoted per SF per month or per year?
  • Is the rent gross, modified gross or triple net (NNN)?
  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?
  • What lease term and renewal options are offered?

Explore this market

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