Cleveland Retail

Cleveland

Office Space Market Report

Number of Listings (last 90 days)
116
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
3,550
As of: February 20, 2017

Cleveland Rates

Most listings are in the $20's per square foot per year. The Cleveland submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.

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

Cleveland Listing Supply

In the last 90 days, 116 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the listings in the Cleveland are subleases, so you will probably have to consider a longer term lease. 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 3,550 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 4 stories. Most buildings in this market were built in 1931 and are Class B.

Cleveland Community

Market Report

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

Market Data

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