Riverside Office Space

Riverside

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
17,570
As of: July 21, 2017

Riverside Rates

Most listings are in the $10's per square foot per year. The Riverside region is seeing a an increase in rates. In the last 3 months, the median rate went up $16 per sqft per year.

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

Riverside Listing Supply

In the last 90 days, 2 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the office spaces in the Riverside 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 16,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 1 stories. Most buildings in this area were built in 1998 and are Class A.

Riverside Community

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 area. Commute by taxi is the most popular way to get to work amongst Riverside folk. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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