The typical asking rate per listing is in the $20's per square foot per year. The Downtown Cleveland region is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the Cleveland market, the Downtown Cleveland region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 64 listings have been posted online, so you'll want to check back regularly for new listings. 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 6,600 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 8 floors. Most buildings in this area were built in 1963 and are Class B.
This area 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 close to 20 minutes a day is the norm for those who opt to reside in this part of town.