On average, listings lease in the $10's per square foot per year. The Lorain County submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 28% decline in rent.
In the last 90 days, 3 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1999 and are Class B.