Riverside Retail

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Riverside

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
5,610
As of: December 2, 2016

Riverside Rates

Most listings are in the $20's per square foot per year. The Riverside region is going through a a boost in rates. In the last 3 months, the median rate rose $15 per sqft per year. That's a 105% increase in rent.

Compared to the rest of the Cleveland market, the Riverside region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Riverside Listing Supply

In the last 90 days, 2 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,610 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 2 floors. 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 residents. Commuting around 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