On average, listings lease in the $20's per square foot per year. The Downtown Cleveland submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $29 per sqft per year.
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 depreciated region.
In the last 90 days, 44 listings have been made available, so you'll want to check back regularly for new listings. About 155% of the office spaces in the Downtown Cleveland are subleases, so you might be able to snag a great spot on a short term. 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 4,070 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 8 stories. Most buildings in this region were built in 1932 and are Class B.
This area is fairly equally mixed residential and commercial. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Cleveland folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.