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Cleveland Market Reports

Cleveland Office Market

Average Asking Rent (Price/SF) $18.38
Vacancy Rate (%) 17.3%
Net Absorption (SF) (192,923)

Conditions in the Greater Cleveland office market were uninspiring during the third quarter of 2019, precipitated by a hefty 192,923 square feet of negative net absorption. Total absorption remained in negative territory for the year with an overall loss of 380,793 square feet from the first three quarters of 2019.


Cleveland Industrial Market

Average Asking Rent (Price/SF) $4.71
Vacancy Rate (%) 5.4%
Net Absorption (SF) 173,530

The third quarter of 2019 saw the Greater Cleveland industrial market absorb 173,530 square feet, bringing year-to-date net absorption to positive 1,135,291 square feet and giving the industrial market six quarters in a row of positive absorption.



Cleveland Office Market Report
3Q19
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Cleveland Industrial Market Report
3Q19
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