Most listings are in the $20's per square foot per year. The Downtown Cleveland region is experiencing a a boost in rates. In the last 3 months, the median rate rose $29 per sqft per year.
Compared to the rest of the Cleveland market, the Downtown Cleveland submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 44 listings have been listed, so you'll want to check back regularly for new listings. About 166% of the available leases in the Downtown 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 4,770 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 8 floors. Most buildings in this market were built in 1932 and are Class B.
This market is fairly equally mixed residential and commercial. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Cleveland occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.