Cleveland Retail

Cleveland

Office Space Market Report

Number of Listings (last 90 days)
122
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,640
As of: March 11, 2017

Cleveland Rates

On average, listings lease in the $20's per square foot per year. The Cleveland region is seeing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 14% rise in rent.

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

Cleveland Listing Supply

In the last 90 days, 122 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available leases 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,640 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 4 floors. Most buildings in this region were built in 1930 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