Cleveland Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Cleveland is $22.32 per square foot, 10.44% higher compared to the previous year.
  • The market’s vacancy rate stands at 22.34%, higher than the state average of Ohio, which is 22.00%.
  • Renting Class A/A+ office space here costs $26.54 per square foot, while Class B averages $20.38 and Class C stands at $13.49.

2025 Office Space Rent & Sales

  • $22.32 2025 Avg. Asking Rent
  • 10.44% Y-o-Y Avg. Asking Rent Change
  • 22.34% 2025 Office Vacancy Rate
  • $30.5M2025 Total Office Sales
  • $25.36Avg. Sale Price/SF

What is the average asking rent price for office space in Cleveland?

Average asking rents for office space here stand at $22.32 per square foot. The local office market recorded an average vacancy rate of 22.34% in 2025, unchanged from 22.34% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $30.5M across 6 sales. These transactions commanded an average sale price per square foot of $25.36.

Cleveland, OH Office Asking Rents by Class

What is the average office rent per square foot by property class in Cleveland?

  • Avg. Asking Rent Class A & A+$26.54
  • Avg. Asking Rent Class B$20.38
  • Avg. Asking Rent Class C$13.49

The average asking rent for Class A and A+ office space stood at $26.54 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Cleveland averaged $20.38 per square foot, while the average for Class C space was $13.49 per square foot.

What is the average office rent per square foot by property class in OH?

  • Avg. Asking Rent Class A & A+$23.73
  • Avg. Asking Rent Class B$18.59
  • Avg. Asking Rent Class C$13.83

For comparison, the average rent for Class A and A+ office space in Ohio was $23.73 per square foot. The state-wide average for Class B space was $18.59 per square foot, and Class C office spaces averaged $13.83 per square foot.

Cleveland, OH Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Cleveland was West at 9.80%. Meanwhile, the highest office vacancy rate in the market was 45.25%, recorded in Western Cuyahoga County.
Submarket Asking Rents Vacancy Rates
Chagrin Corridor $25.07 10.72%
Western Cuyahoga County $21.92 45.25%
Southern Cuyahoga County $21.26 28.83%
Downtown $21.16 19.18%
East $20.42 28.18%
West $18.90 9.80%
Eastern Cuyahoa County $16.44 28.84%
South $16.39 25.29%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $25.362025 Avg. Price per SF
  • -37.56%Y-o-Y Avg. PpSF Change
  • $30.5M2025 Office Sales Volume
  • 62025 Number of Transactions

What is the average sale price per square foot for office space in Cleveland?

Average sale prices for office space in this market recorded a -37.56% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $25.36 per square foot. For comparison, the statewide Ohio average during the same time period stood at $85.59 per square foot, while the national average was $182.48 per square foot.

Cleveland, OH Sale Price per SF Trend

  • Cleveland Avg. Sale Price per SF in 2025$25.36
  • Ohio Avg. Sale Price per SF in 2025$85.59

What was the total office sales volume in Cleveland in 2025?

The local office market recorded 6 deals in 2025, adding up to a yearly sales volume of $30.5M.

  • Cleveland, OH Total Office Sales Volume in 2025 $30.5M
  • Cleveland, OH Total Number of Office Sales Closed in 2025 6
Data provided by Yardi Research

2025 Office Construction in Cleveland, OH

  • Cleveland, OH Total SF completed in 2025 1,070,144

How much office space was built in Cleveland in 2025?

1,070,144 square feet of new office space was delivered across the market in the previous year. New construction included 1 properties, with an average new property size of 1,070,144 square feet.

What are the largest recent office completions in Cleveland?

The largest recent office completion here is Key Tower at 1,300,000 square feet, completed in 1991. The next largest completions are Ernst & Young Tower and 1717 East 9th Street.

Office building Address SF Completed
1118 Euclid Avenue 1118 Euclid Avenue, 44115 230,085 2020
Phoenix Building 1975 East 61st Street, 44103 28,064 2018
1717 East 9th Street 1717 East 9th Street, 44114 233,075 2015
Ernst & Young Tower 950 East Main Avenue, 44113 480,000 2013
The Residences at Hanna 1401 Prospect Avenue, 44115 92,570 2013
Midtown Tech Park - Building 1 6700 Euclid Avenue, 44103 128,000 2011
1400 E 9th Street 1400 East 9th Street, 44114 10,000 2006
Tower Press Building 1900 Superior Avenue, 44114 70,290 2002
811 Prospect Ave 811 Prospect Ave, 44115 24,468 1996
Key Tower 127 Public Square, 44113 1,300,000 1991
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.