Cleveland Sublease

Cleveland

Office Space Market Report

Number of Listings (last 90 days)
122
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
3,660
As of: July 27, 2017

Cleveland Rates

Most listings are in the $20's per square foot per year. The Cleveland submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 39% increase in rent.

Compared to the rest of the Cleveland market, the Cleveland submarket has smaller 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 come on the market, so you'll want to check back regularly for new listings. About 92% of the office spaces in the Cleveland 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 3,660 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 4 floors. 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