Central Retail

Central

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
4,420
As of: June 22, 2017

Central Rates

Most listings are in the $20's per square foot per year. The Central region is going through a a boost in rates. In the last 3 months, the median rate rose $23 per sqft per year.

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

Central Listing Supply

In the last 90 days, 0 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the listings in the Central 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 available, so finding a space for a small business might be tough.

Even though the median size is 4,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 4 stories. Most buildings in this area were built in 1931 and are Class B.

Central Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst Central folk. Commuting close to an hour 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 Central.
Market Report

Market Data

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