Riverside Office Space

Riverside

Market Report

Number of Listings
Posted in the last 90 days
3
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
4,420

Riverside Rates

On average, listings lease in the $20's per square foot per year. The Riverside region is experiencing a an increase in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 79% increase in rent.

Compared to the rest of the Cleveland market, the Riverside submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.

Riverside Listing Supply

In the last 90 days, 13 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 23% of the office spaces in the Riverside are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 4,420 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this area were built in 2000 and are Class A.

Riverside Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Riverside 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.

Market Data

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