Cleveland Office Space

Cleveland

Office Space Market Report

Number of Listings (last 90 days)
122
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
3,660
As of: July 22, 2017

Cleveland Rates

On average, listings lease in the $20's per square foot per year. The Cleveland region is going through a a boost in rates. In the last 3 months, the median rate went up $10 per sqft per year. That's a 56% increase in rent.

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

Cleveland Listing Supply

In the last 90 days, 122 listings have been posted online, so you'll want to check back regularly for new listings. About 82% of the listings in the Cleveland 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,660 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 4 stories. Most buildings in this area were built in 1931 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