Cleveland Office Space

Cleveland

Office Space Market Report

Number of Listings (last 90 days)
110
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,740
As of: January 19, 2017

Cleveland Rates

On average, listings lease in the $20's per square foot per year. The Cleveland region is going through a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decline in rent.

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

Cleveland Listing Supply

In the last 90 days, 124 listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the available space in the Cleveland are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,880 sqft. Most properties in this area are around 4 stories. Most buildings in this market were built in 1932 and are Class B.

Cleveland Community

Market Report

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

Market Data

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