The typical asking rate per listing is in the $10's per square foot per year. The Riverside submarket is going through a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 44% decline in rent.
Compared to the rest of the Cleveland market, the Riverside region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 2 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 15,840 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 1 stories. Most buildings in this area were built in 1998 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Riverside occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.