Downtown Cleveland Retail

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Gatto Group, Inc.
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75 Bethel Ct - 3 Spaces Cleveland, OH HVAC
Sep 06
2,000 - 11,230
sqft
Retail
1215 Superior Ave - 2 Spaces Downtown Cleveland, Cleveland, OH Gym and Onsite Parking.
Jul 22
8,280 - 11,160
sqft
Sublease Office Retail Other
24 Public Square - Space Downtown Cleveland, Cleveland, OH  
Jun 06
5,000
sqft
Office Retail
200 Public Square - Space Cleveland, OH  
Apr 28
1,235,630
sqft
Office Retail

Downtown Cleveland

Market Report

Number of Listings
Posted in the last 90 days
93
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
8,200

Downtown Cleveland Rates

Most listings are in the $20's per square foot per year. The Downtown Cleveland region is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 18% decline in rent.

Compared to the rest of the Cleveland market, the Downtown Cleveland submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.

Downtown Cleveland Listing Supply

In the last 90 days, 785 listings have come on the market, so you'll want to check back regularly for new listings. About 11% of the available leases in the Downtown Cleveland are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 8,200 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 8 stories. Most buildings in this region were built in 1931 and are Class B.

Downtown Cleveland Community

This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Cleveland folk. Commuting around 20 minutes 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 Downtown Cleveland.
Research