On average, listings lease in the $10's per square foot per year. The Riverside region is seeing a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year.
Compared to the rest of the Cleveland market, the Riverside submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 2 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the listings in the Riverside are subleases, so you might be able to find a shorter term or below market rent. 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 16,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 1 stories. Most buildings in this area were built in 1998 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Riverside occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.