Central Office Space For Lease

Central

Market Report

Number of Listings For Lease
Posted in the last 90 days
9
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
450

Central Commercial Real Estate

Find Central commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Central commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Central Rates

The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Central submarket is experiencing a an increase in rates. In the last 3 months, the median rate for lease increased $9 per sqft per year. That's a 55% increase in rent.

Compared to the rest of the Cleveland commercial real estate market, the Central region has greater rates for rent, and you may need to pay a premium to be in this hot region.

Central Listing Supply

In the last 90 days, 149 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard size for office space in this area is around 450 sqft. Most properties in this area are close to 4 stories. Most buildings in this area were built around 1926 and are Class B.

Central Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst Central folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Central.
Research