Cleveland, Ohio, a city situated on the southern shore of Lake Erie, offers a unique blend of economic opportunities, cultural attractions, and infrastructure, making it an ideal location for office space for lease. With a population of around 390,000, Cleveland has evolved into a major commercial and industrial center, attracting businesses and entrepreneurs from various sectors. The city's economy has diversified, with key sectors including healthcare, manufacturing, financial services, and higher education, providing a strong foundation for office space investments.
Office space for lease in Cleveland is a sought-after commodity, with 119 listings available. The average annual rent per square foot is $18 USD, and the average size of available office space is 7,521 square feet, with a maximum space size of 888,370 square feet. In addition to office space, Cleveland also offers a range of other property types, including coworking space, flex space, medical offices, and retail space. Coworking space in Cleveland is ideal for startups and entrepreneurs, while flex space provides a versatile option for businesses with unique needs. Medical offices are plentiful, thanks to the city's strong healthcare sector, and retail space is available in popular areas like the Warehouse District and Ohio City.
What is the average size of office space for lease in the Cleveland market?
The average size of office space for lease in the Cleveland market is 7,521 square feet, with a total of 119 available listings, offering a range of options for businesses of various sizes, from small startups to large corporations, with maximum space sizes reaching up to 888,370 square feet.
Are there different types of office space leases available?
Yes, there are different types of office space leases available in Cleveland, with 119 listings to choose from, offering a range of options to suit various business needs and budgets.
- Full-service leases, which typically include utilities, maintenance, and amenities, with an average annual rent of $18 USD per square foot.
- Modified gross leases, which may include some utilities and amenities, with an average size of 7,521 square feet.
- Triple net leases, which require tenants to pay for utilities, maintenance, and property taxes, with a maximum space size of 888,370 square feet.
