Most listings are in the $10's per square foot per year. The Industrial Valley submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Cleveland market, the Industrial Valley region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 26 listings have come on the market, which means office spaces might be leasing quickly. 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 consider a longer term lease. There aren't many listings below 2,000 square feet posted, 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 area 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 market. Commute by public transit is the most popular way to get to work amongst Industrial Valley folk. 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.
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