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.
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.