On average, listings lease in the $20's per square foot per year. The Beachwood submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 18% decrease in rent.
In the last 90 days, 16 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 69% of the available leases in the Beachwood 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,530 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1979 and are Class B.