Cleveland Industrial

Cleveland

Office Space Market Report

Number of Listings (last 90 days)
117
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,770
As of: February 24, 2017

Cleveland Rates

The typical asking rate per listing is in the $20's per square foot per year. The Cleveland region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.

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

Cleveland Listing Supply

In the last 90 days, 117 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available leases in the Cleveland are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,770 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 4 stories. Most buildings in this market were built in 1931 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