Cleveland, OH
Commercial Real Estate Market Trends & Data

$116 Avg asking sale price
$128 Avg asking lease rate
44,056 SF Avg unit lease size
63,947 SF Avg building size for sale
10.19% Average cap rate

Cleveland's Demographic Profile

Cleveland has 165,337 households and a median income of $35,459, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 365,173
# Households 165,337
Median age 38
Median household income $35,459
Avg household size 2.0
Renter-occupied housing units 101,656
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Cleveland, OH

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Cleveland $60 114,818 SF 12.10%
Garfield Heights $68 8,260 SF 12.10%
Nearby Retail Markets Avg Cost/SF Typical Size
Cleveland $113 15,518 SF
Cleveland Heights $96 9,567 SF
Garfield Heights $234 14,394 SF
Shaker Heights $99 16,587 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Cleveland $79 21,789 SF 25.00%
Cleveland Heights $55 47,002 SF 10.79%
Garfield Heights $77 10,042 SF 9.27%
Shaker Heights $102 25,735 SF 10.79%
East Cleveland $42 46,976 SF 8.50%

Commercial Properties For Sale in Cleveland

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Heavy Power Industrial Campus

Cleveland, OH

  • Industrial Building
  • Auction Sale
For Sale

Lakeland Medical Building

Cleveland, OH 44132

  • 38,944 SF Office Building
  • $3,575,000
For Sale

The 925 Building - Receiver Sale

Cleveland, OH 44115

  • 1,450,000 SF Office Building
  • Price Upon Request
For Sale

Large Industrial Opportunity-Own/Use/Invest

Cleveland, OH 44125

  • 231,505 SF Industrial Building
  • $18,520,400
For Sale

13515 Saint Clair Ave

Cleveland, OH 44110

  • 9,345 SF Multifamily
  • $100,000
For Sale

Turnkey Slab Distribution Platform w/CRE

Brook Park, OH 44142

  • 10,000 SF Industrial Building
  • $2,325,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Cleveland pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Cleveland $116 63,947 SF
Cuyahoga Heights $75 91,802 SF

Multifamily Properties For Sale in Cleveland

For Sale

Franklin Manor

Cleveland, OH 44102

  • 10,167 SF Multifamily
  • $1,400,000
For Sale

Euclid-Hastings

East Cleveland, OH 44112

  • 35,282 SF Multifamily
  • $849,000
For Sale

Edge32

Cleveland, OH 44113

  • 76,152 SF Multifamily
  • Price Upon Request
For Sale

La Collina Little Italy

Cleveland, OH 44106

  • 60,644 SF Multifamily
  • Price Upon Request
For Sale

Starr Piano Lofts

Cleveland, OH 44115

  • 13,000 SF Multifamily
  • 5.90% Cap Rate
  • $2,999,000

Regional Demographic Comparison

This comparison places Cleveland alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Cleveland or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Cleveland 365,173 165,337 38 $35,459 2 101,656 -2%
Newburgh Heights 1,507 699 42 $44,624 2 325 -8%
Cuyahoga Heights 516 216 44 $63,750 2 79 -6%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Cleveland, OH and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Cleveland

View All Commercial Real Estate For Sale in Cleveland
Is Cleveland a good market for a first-time commercial real estate investor?

Cleveland offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Cleveland?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Cleveland. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Cleveland?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Cleveland. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Cleveland compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Cleveland. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Cleveland acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Cleveland, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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