Most listings are in the $10's per square foot per year. The Industrial Valley region is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Cleveland market, the Industrial Valley region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 26 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 4% of the office spaces in the Industrial Valley are subleases, so you will probably have to focus your search on direct office leases. 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 measurement for office space in this area is around 540 sqft. Most buildings in this region were built in 1921.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Industrial Valley occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Industrial Valley.
Get email notifications when new listings are posted that match your requirements.