Central Industrial

Central

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
4,420
As of: June 27, 2017

Central Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central submarket is going through a a rise in rates. In the last 3 months, the median rate rose $23 per sqft per year.

Compared to the rest of the Cleveland market, the Central region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.

Central Listing Supply

In the last 90 days, 0 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces in the Central 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.

Even though the median size is 4,420 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 4 floors. Most buildings in this market were built in 1931 and are Class B.

Central Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Central residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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