Most listings are in the $30's per square foot per year. The Ohio City region is experiencing a an increase in rates. In the last 3 months, the median rate increased $30 per sqft per year.
Compared to the rest of the Cleveland market, the Ohio City region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 2 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases in the Ohio City are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,200 sqft. Most buildings in this market are close to 3 stories. Most buildings in this market were built in 1920 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Ohio City residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.