On average, listings lease in the $30's per square foot per year. The Ohio City submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $30 per sqft per year.
Compared to the rest of the Cleveland market, the Ohio City submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases in the Ohio City 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.
The standard measurement for office space in this area is around 2,200 sqft. Most properties in this area are close to 3 floors. Most buildings in this area were built in 1920 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Ohio City folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.