Cleveland, OH Retail Space for Lease
Search 97 retail listings in Cleveland, OH and find helpful local stats in the Market Overview section below.
Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Cleveland asks $11.19 per square foot.
The most common type of lease agreement you’ll find here is NNN, with 15 space(s) available under this type of arrangement. The local market is also home to 8 retail space(s) offered under a Modified Gross lease agreement type, and 3 Full Service listing(s).
The average size for this type of rental opportunity in Cleveland is 1,000 sqft to 2,500 sqft. Currently, the local market offers 54 listing(s) within that size range. You can also search 43 listing(s) in the more than 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.
Retail space in Cleveland comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Restaurant and you can find 10 such space(s) available.
Restaurant spaces listed for rent here have an average size of 3,618 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.
However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.
In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.
Downtown Cleveland is your top choice for lease opportunities, as it is currently home to the highest number of listings — 56 retail space(s). The most popular space type here is Restaurant. You can find 5 such listing(s) here.
Cleveland’s second most popular area is Tremont, where you can find 16 retail listing(s). The most likely type of space you can rent here is Restaurant. If this is the kind of property you are looking for, you will find 1 listing(s) available here.
Ohio City is also among the best areas to search for your next commercial space. Here you can find 16 retail space(s) available for consideration by prospective tenants.
Downtown Cleveland
56
Tremont
16
Ohio City
16
Central Cleveland
12
North Collinwood
8
When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.
Data based on retail spaces listed for rent on CommercialSearch.com
This was the property’s first time on the market since its 1989 completion.
JLL brokered the deal on behalf of the seller.
The acquisition also includes the mixed-use asset’s office and residential components.
JLL Capital Markets represented the buyer of West Bay Plaza in suburban Cleveland.
The properties total more than 300,000 square feet.
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