Most listings are in the $20's per square foot per year. The Downtown Cleveland submarket is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the Cleveland market, the Downtown Cleveland submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 44 listings have come on the market, so you'll want to check back regularly for new listings. About 125% of the listings in the Downtown Cleveland are subleases, so you might be able to snag a great spot on a short term. 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 5,190 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 8 stories. Most buildings in this area were built in 1930 and are Class B.
This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Cleveland folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.