Cleveland, OH Commercial Real Estate - Office, Warehouses, and Retail Space

Cleveland's commercial real estate market is currently experiencing a notable shift in office leasing dynamics. As of late 2023, the overall office vacancy rate has stabilized around 18 percent, reflecting a gradual recovery from pandemic induced disruptions. Demand for flexible work options has spurred a significant increase in coworking spaces, with several new entrants catering to startups and small businesses, enhancing collaboration and networking opportunities.

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