Most listings are in the $20's per square foot per year. The Riverside region is experiencing a an increase in rates. In the last 3 months, the median rate increased $15 per sqft per year. That's a 105% increase in rent.
Compared to the rest of the Cleveland market, the Riverside submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,610 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this region 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 region. Commute by taxi is the most popular way to get to work amongst Riverside residents. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.