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932 Commercial Real Estate Listings in Cleveland, OH

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Cleveland, OH Commercial Real Estate

There are currently 924 commercial listings available in Cleveland, OH. These listings include 383 commercial spaces that encompass a total of 5,420,340 square feet. Available commercial spaces in Cleveland, OH range in size from 3 square feet to 1,000,000 square feet. A total of 715 off-market commercial properties located in Cleveland, OH are also available for research.

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Cleveland, OH Commercial Real Estate Market Overview

Location Photo

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, OH Commercial Inventory Breakdown

In 2022 the Cleveland, OH commercial real estate market totaled 28,315,907 square feet of office spaces, 3,703,552 square feet of office spaces with retail, and 40,935,875 square feet of industrial space.

Office Spaces

Total: 28,315,907 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 2,905,054 SqFt 10.26% of total office
100k to 500k SqFt 12,718,344 SqFt 44.92% of total office
500k to 1M SqFt 7,766,064 SqFt 27.43% of total office
> 1M SqFt 4,926,445 SqFt 17.4% of total office
By class:
Class A 15,651,930 SqFt 55.28% of total office
Class B 9,522,124 SqFt 33.63% of total office
Class C 360,593 SqFt 1.27% of total office
Roughly 27.43% of the total office space in Cleveland, OH is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 10.26% of the office inventory.

Class A office space holds a 55.28% share of the overall Cleveland, OH office market, while Class B office assets make up approximately 33.63%.

Industrial

Total: 40,935,875 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 11,964,743 SqFt 29.23% of total industrial
100k to 500k SqFt 24,947,807 SqFt 60.94% of total industrial
500k to 1M SqFt 4,023,325 SqFt 9.83% of total industrial
By class:
Class A 1,587,274 SqFt 3.88% of total industrial
Class B 30,748,566 SqFt 75.11% of total industrial
Class C 8,386,660 SqFt 20.49% of total industrial
There are 24,947,807 square feet of commercial real estate properties between 100k to 500k square feet, representing 60.94% of the Cleveland, OH industrial inventory. Class A assets total 1,587,274 square feet of industrial space, with an additional 30,748,566 square feet of Class B and 8,386,660 square feet of Class C properties.

Office Spaces with Retail

Total: 3,703,552 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 1,136,871 SqFt 30.7% of total office with retail
100k to 500k SqFt 2,566,681 SqFt 69.3% of total office with retail

Cleveland, OH Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Cleveland, OH Office 77 2,313,055
Cleveland, OH Retail 53 425,280
Cleveland, OH Industrial 55 2,664,193
Cleveland, OH Other 224 5,435,350
Ofice Icon

77

Office

Industrial Icon

55

Industrial

Retail Icon

53

Retail

Current local active listing encompass 10,837,878 square feet of commercial space for lease in Cleveland. There are 77 active office listings, which amount to 2,313,055 square feet and account for 18% of commercial spaces on the market. Local retail availability includes 425,280 square feet across 53 listings. Current industrial offerings on the market amount to 2,664,193 square feet across a total of 55.

Employment in Cleveland, OH

Employed Population 163,042

Employed population - Industry % Distribution

Management, business, science, and arts occupations

29%

Service occupations

25%

Sales and office occupations

23%

Production, transportation, and material moving occupations

17%

Natural resources, construction, and maintenance occupations

5%

In 2020, roughly 29% of a total of 163,042 employed in Cleveland worked in Management, business, science, and arts occupations, followed by 25% in Service occupations and 23% in Sales and office occupations.

Income per capita $21,782  Median household income $32,053

Household income

66%

Under $50k

24%

$50k - $100k

8%

$100k - $200k

2%

Over $200k

The median household income in Cleveland stands at $32,053, with per capita income at $21,782. Households earning between $50k and $100k represent 24% of the total, while those earning over $200k make up 2%. Approximately 66% of Cleveland households earn less than $50k per year.

Commuting in Cleveland, OH

Mean travel time to work 23 minutes

Means of transportation to work

68.50%

Driving alone

11.30%

Carpool

8.20%

Public transit

0.80%

Bicycle

5.40%

Walking

1.70%

Other

4.20%

Work at Home

*Universe: Workers 16 and over

The mean travel time to work in Cleveland in 2020 was 23 minutes. Around 68.50% of workers commute by Driving alone, 11.30% Carpool and 8.20% by Public transit.

Education in Cleveland, OH

High school grad or higher 82%

Bachelor's degree or higher 19%

Population by minimum level of education

18%

No degree

32%

High school

32%

Some College

11%

Bachelor's

7%

Post-grad

*Universe: Workers 25 and over

An estimated 82% of Cleveland residents aged 25 or over hold a high school degree or higher. Of those, 32% are high school graduates, 32% attended some college, 11% earned a bachelor's degree, with an additional 7% holding post-graduate degrees.

Cleveland, OH Demographics

As of 2020, Cleveland had a total population of 380,989, with a median age of 35.50 years. Roughly 67.60% of the total population was between the ages of 16 and 64 years old.

Market News

The CommercialCafe blog tracks CRE trends, market and industry news together with the latest coworking trends.

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