Downtown Cleveland Sublease

Downtown Cleveland

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

Downtown Cleveland Rates

On average, listings lease in the $20's per square foot per year. The Downtown Cleveland region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decline in rent.

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

Downtown Cleveland Listing Supply

In the last 90 days, 41 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available leases in the Downtown Cleveland are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 7,840 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 8 stories. Most buildings in this area were built in 1959 and are Class B.

Downtown Cleveland Community

This area 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 occupants. Commuting approximately 20 minutes 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 Downtown Cleveland.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Cleveland.