Cleveland, OH Commercial Real Estate for Lease and Sale

Explore 425 listings of Cleveland commercial real estate to find the best space for your business.

3806 Franklin Blvd

3806 Franklin Blvd, Ohio City, Cleveland, OH
Property

Multi-Family

9,096 SF
Year Built

1883
For Sale

$1,695,000
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1830 Superior Avenue

1830 Superior Ave, Downtown Cleveland, Cleveland, OH
Property

Industrial

10,547 SF
Availability

3 Spaces

10,547 SF
Year Built

1940
For Lease

$7.85/SF/YR
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4329 Lorain Avenue

4329 Lorain Avenue, Ohio City, Cleveland, OH
Property

Retail

22,000 SF
Availability

1 Space

3,000 SF
For Lease Contact for pricing
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7415-7635 Lorain Avenue

7415 Lorain Ave, Detroit-Shoreway, Cleveland, OH
Property

Office

11,000 SF
Availability

1 Space

11,000 SF
Year Built

2010
For Lease

$18.00/SF/YR
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The Burgess Building

1406 W. 6th Street, Downtown Cleveland, Cleveland, OH
Property

Office

18,000 SF
Availability

1 Space

4,164 SF
For Lease

$16.00/SF/YR
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1444-1448 E. 49th Street

1444 E 49th St, Goodrich-Kirkland Park, Cleveland, OH
Property

Industrial

22,800 SF
Availability

2 Spaces

22,800 SF
Year Built

1890
For Lease

$3.50/SF/YR
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11401-11431 Euclid Avenue Cleveland

11401-11431 Euclid Avenue Cleveland, University, Cleveland, OH
Property

Multi-Family

120,000 SF
For Sale Contact for pricing
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1415 Kenilworth Avenue

1415 Kenilworth Avenue, Tremont, Cleveland, OH
Property

VacantLand

9,845 SF
For Sale

$575,000
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3881 W 150th St

3881 W 150th St, West Park - Kamm's Corners, Cleveland, OH
Property

Industrial

40,909 SF
For Sale

$2,700,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Cleveland commercial real estate market incorporates 15,898,207 square feet of office space across 129 buildings.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Cleveland, the coworking segment of the commercial real estate market incorporates about 2,654 square feet.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Cleveland commercial real estate market includes 5,268,960 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Cleveland market, there is a total of 13,722,197 square feet of industrial property.
The listing inventory in Cleveland incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Cleveland is represented by Industrial space, which accounts for 6,306,998 square feet of available listings. Office space available in Cleveland adds up to 3,553,346 square feet.

Meanwhile, most of the listings of commercial property for sale in Cleveland are in the Industrial category.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
The average rent for commercial real estate space listed for lease in Cleveland is $15.03 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Cleveland can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $20.21 per square foot, industrial space in Cleveland saw average rents of $5.04 per square foot.
Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Cleveland, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Cleveland is in the Downtown Cleveland neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Cleveland area.

Meanwhile, retail space opportunities are most abundant in the Downtown Cleveland submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Goodrich-Kirkland Park.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $25 per square foot. In particular, the property type commanding the highest lease rates in Cleveland was Office space.

Conversely, the highest sale price last year was $54,000,000 that is located at 200 Public Square.
The average size of a commercial property in Cleveland depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- In Cleveland, the average size of an office property is 138,246 square feet.
- Retail properties here incorporate an average of 49,243 square feet.
- Industrial space in Cleveland is in buildings that are, on average 134,532 square feet in size.

Cleveland, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Cleveland currently add up to 12,676,102 square feet. The market offers 100 active office listing(s), which amount to 3,582,912 square feet and account for 36% of commercial spaces on the market. Local retail availability includes 626,224 square feet across 89 retail space(s). Industrial space for rent opportunities in Cleveland amount to 6,306,998 square feet across a total of 63 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	100	3,582,912
Retail	89	626,224
Industrial	63	6,306,998
Other	19	2,159,968

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Cleveland, OH. Currently, there is 5,504,965 square feet of commercial property for sale here , which includes 27 office building(s) for sale , 36 retail investment opportunity listing(s) , and 45 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	27	788,149
Retail	36	1,976,028
Industrial	45	1,975,120
Other	49	765,668

Cleveland, OH Commercial Real Estate Market Overview

Cleveland’s local economy is fueled by activity within the manufacturing, financial, biotech and higher education sectors. Cleveland Clinic is the city’s top employer and part of a strong medical, insurance and research network, which includes University Hospitals of Cleveland, MetroHealth and Medical Mutual of Ohio.

Avient, NACCO, RPM, Steris and Lincoln Electric are some of the companies that drive the demand for commercial real estate properties in Cleveland.

The Greater Cleveland Regional Transit Authority (RTA) handles public transportation within the city through its bus routes and light and heavy rail lines. Cleveland is also serviced by Cleveland Hopkins International Airport — a regional air freight hub for FedEx Express, UPS and the USPS — as well as Burke Lakefront Airport.

Cleveland Commercial Real Estate Overview

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Cleveland, OH Commercial Real Estate for Lease and Sale

3806 Franklin Blvd

1830 Superior Avenue

4329 Lorain Avenue

7415-7635 Lorain Avenue

The Burgess Building

1444-1448 E. 49th Street

11401-11431 Euclid Avenue Cleveland

1415 Kenilworth Avenue

3881 W 150th St

Frequently Asked Questions

Cleveland, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Cleveland, OH Commercial Real Estate Market Overview

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