11 offices results

Due to the regular business activity, stagnant economic indicators regarding the number of hired workers, and unemployment rates, Cleveland’s office market remained in a steady position. Modest changes were observed to the vacancy rates and overall rental fees. These numbers went on a downward trend. Despite the relative stability in the office stock of Cleveland, there are some concerns regarding the reduction of the projected office space. It happens because of the growing needs for residential properties in the city. Many developers favor more apartments instead of office space in Cleveland nowadays, which puts a concern for the appetite for new products. On average, the fees for Cleveland’s office space range from around $17 to $23,5 per sq.ft. The CBD, of course, boasts the most expensive workspace solutions of the city, being at the same time, a top desirable area for finding business accommodation.

The most significant Cleveland’s office projects that are in the pipeline nowadays are the construction of the famous nuCLEus estate and the development at 925 Euclid. The latter, by the way, used to be a banking institution. Nowadays, it is a high-rise office building in the downtown district of the city. NuCLEus, in its turn, is a proposed mix-use development complex that will be placed in the Gateway neighborhood of the city. It occupies the strategic position for high-volume restaurants, retailers, and so on. Consisting of two 24-stock towers, it will include about 250 housing options, around 80 square feet of commercial space of retail type, 400 square feet of space for office use, ample parking lots, etc. Looking for commercial office space for rent in Cleveland? Browse our website to find the best options. Simplify your search by putting the necessary criteria and contact the landlord directly to sign a deal.

Cleveland is enjoying a resurgence in entrepreneurs’ attention for its robust higher education system, sustainable and extensive biotech industry, growing ICT sector, not to forget the geostrategic location. The region provides a great workforce pool and a potential client base represented by a range of new companies and the already established brands. The local authorities are focused on maintaining close relations with the initiatives that wish to make the city the capital of innovation. They are continuously working on the improvement of life quality, turning the city into a world-class location with a sustainable future.