On average, listings lease in the $10's per square foot per year. The Ohio City submarket is going through a decline in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 48% decline in rent.
Compared to the rest of the Cleveland market, the Ohio City submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 47 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available space in the Ohio City 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this area are close to 1 floors. Most buildings in this region were built in 1920 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Ohio City folk. Commuting between 20 and 25 minutes 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 Ohio City.
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