Cleveland, OH Retail Space for Lease
Browse 97 listing(s) for retail spaces across Cleveland, OH.
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6125 St Clair Ave, St. Clair-Superior, Cleveland, OHSpace Type- Retail
For Lease- $14.00/SF/YR
1 space available / 2,750 SF
Retail Space Rents in Cleveland, OH
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 $16.26 per square foot.
Retail Space Lease Types in Cleveland, OH
The most common type of lease agreement you’ll find here is NNN, with 21 space(s) available under this type of arrangement. The local market is also home to 3 retail space(s) offered under a Modified Gross lease agreement type, and 2 Full Service listing(s).
Most Common Type of Lease for Retail Buildings in Cleveland, OH
- NNN 21
- Modified Gross 3
- Full Service 2
Average Size of Retail Space for Lease in Cleveland, OH
The average size for this type of rental opportunity in Cleveland is 1,000 to 2,500 sq. ft.. Currently, the local market offers 54 listing(s) within that size range. You can also search 48 listing(s) in the More than 5,000 sq. ft. 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 Types You Can Lease in Cleveland, OH
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 18 such space(s) available.
Restaurant spaces listed for rent here have an average size of 3,652 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.
The local market is also home to 2 space(s) listed as Street Retail. The average size you can expect to find for this category is 4,330 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.
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.
Top Locations to Lease Retail Space in Cleveland, OH
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 — 57 retail space(s). The most popular space type here is Restaurant. You can find 7 such listing(s) here.
Cleveland’s second most popular area is Tremont, where you can find 18 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 15 retail space(s) available for consideration by prospective tenants, of which 3 are Restaurant.
Top Locations to Lease Retail Space in Cleveland, OH
Downtown Cleveland
57
Tremont
18
Ohio City
15
Central Cleveland
12
North Collinwood
8
Key Factors to Consider When Choosing a Retail Space for Lease
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
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Recent Retail Market News
First National Grows Cleveland Footprint
The grocery-anchored retail center underwent a major redevelopment in 2015.
RCG Ventures Buys Cleveland Shopping Center
This was the property’s first time on the market since its 1989 completion.
Phillips Edison Buys Cleveland Shopping Center for $52M
JLL brokered the deal on behalf of the seller.
Tanger Pays $167M for Open-Air Shopping Center
The acquisition also includes the mixed-use asset’s office and residential components.
Carter Properties Pays $42M for Grocery-Anchored Shopping Center
JLL Capital Markets represented the buyer of West Bay Plaza in suburban Cleveland.
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