Graph similarity is critical in graph-related tasks such as graph retrieval, where metrics like maximum common subgraph (MCS) and graph edit distance (GED) are commonly used. However, exact computations of these metrics are known to be NP-Hard. Recent neural network-based approaches approximate the similarity score in embedding spaces to alleviate the computational burden, but they either involve expensive pairwise node comparisons or fail to effectively utilize structural and scale information of graphs. To tackle these issues, we propose a novel geometric-based graph embedding method called Graph2Region (G2R). G2R represents nodes as closed regions and recovers their adjacency patterns within graphs in the embedding space. By incorporating the node features and adjacency patterns of graphs, G2R summarizes graph regions, i.e., graph embeddings, where the shape captures the underlying graph structures and the volume reflects the graph size. Consequently, the overlap between graph regions can serve as an approximation of MCS, signifying similar node regions and adjacency patterns. We further analyze the relationship between MCS and GED and propose using disjoint parts as a proxy for GED similarity. This analysis enables concurrent computation of MCS and GED, incorporating local and global structural information. Experimental evaluation highlights G2R's competitive performance in graph similarity computation. It achieves up to a 60.0\% relative accuracy improvement over state-of-the-art methods in MCS similarity learning, while maintaining efficiency in both training and inference. Moreover, G2R showcases remarkable capability in predicting both MCS and GED similarities simultaneously, providing a holistic assessment of graph similarity. Code available at https://github.com/liuzhouyang/Graph2Region.