Most listings are in the $20's per square foot per year. The Downtown Cleveland region is seeing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Cleveland market, the Downtown Cleveland region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 44 listings have been listed, so you'll want to check back regularly for new listings. 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 4,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 8 stories. Most buildings in this market were built in 1959 and are Class B.
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 folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.