For Sale
Cleveland, OH
Commercial Real Estate Market Trends & Data
$121
Avg asking sale price
$16
Avg asking lease rate
15,271 SF
Avg unit lease size
66,189 SF
Avg building size for sale
10.80%
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{{marketTabDescriptions[activeMarketTab]}}
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Cleveland | $61 | 115,906 SF | 12.10% |
| Garfield Heights | $68 | 8,260 SF | 12.10% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Cleveland | $132 | 15,296 SF |
| Cleveland Heights | $124 | 4,930 SF |
| Garfield Heights | $234 | 14,394 SF |
| Shaker Heights | $99 | 16,587 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Cleveland | $78 | 28,055 SF | 25.00% |
| Cleveland Heights | $54 | 50,095 SF | 10.79% |
| Garfield Heights | $77 | 10,042 SF | 9.27% |
| Shaker Heights | $86 | 22,906 SF | 10.79% |
| East Cleveland | $58 | 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
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $121 | 66,189 SF |
| Cuyahoga Heights | $69 | 69,601 SF |
Multifamily Properties For Sale in Cleveland
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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