Cleveland For Sale

Cleveland

Office Space Market Report

Number of Listings (last 90 days)
118
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,640
As of: March 1, 2017

Cleveland Rates

The typical asking rate per listing is in the $20's per square foot per year. The Cleveland submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decrease in rent.

Compared to the rest of the Cleveland market, the Cleveland submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Cleveland Listing Supply

In the last 90 days, 116 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available space in the Cleveland are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,640 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 4 floors. Most buildings in this area were built in 1930 and are Class B.

Cleveland Community

Market Report

Trends and status of the commercial real estate market in Cleveland.
Market Report

Market Data

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