The typical asking rate per listing is in the $10's per square foot per year. The North Collinwood submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $19 per sqft per year.
Compared to the rest of the Cleveland market, the North Collinwood region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 5 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 7,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1966 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst North Collinwood occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.