Cleveland Industrial

Cleveland

Office Space Market Report

Number of Listings (last 90 days)
122
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
3,660
As of: August 17, 2017

Cleveland Rates

On average, listings lease in the $20's per square foot per year. The Cleveland region is going through a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 23% 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 discounted region.

Cleveland Listing Supply

In the last 90 days, 122 listings have come on the market, so you'll want to check back regularly for new listings. About 102% of the office spaces in the Cleveland 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,660 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region 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