Welcome To Our Website!This site offers our entire portfolio of Cleveland commercial real estate. Here you will have the opportunity to browse Cleveland commercial real estate, Cleveland Office real estate for sale and lease, and Cleveland investment buildings for sale in Northeast Ohio/Cleveland area.
Our website is designed not only to function as a marketing platform for the sale and/or leasing of our client’s properties, but also as an industry leading collaboration and communication system by which our clients have real time access to all aspects of their listings or projects.
A Message for August.The Northeast Ohio office market is holding steady during the sub prime crisis although confidence in the economic outlook is shaky; the Cleveland office market continues to tighten. For the first time since 1990, the Class A market in the Central Business District (CBD) has dropped below 10 percent and ended the first quarter at 9.7 percent.
In the East submarket, the largest of the Cleveland suburban markets, Class A vacancy is currently 7.5 percent, the lowest point since 1998. As this market continues to tighten, the new developments are garnering higher lease rates, due to the scarcity of new product. It is anticipated that the limited availability in the East, will aid occupancy in the South market, as tenants look to satisfy space requirements elsewhere. In the East, two new, Class A projects were delivered in 2007, and although each had significant pre-leasing commitments, these properties represent among the largest remaining contiguous blocks of premier space. Full service rates range from the mid to upper $20s per square foot.
No other significant developments are anticipated in the suburban markets in the next 12 months, which may translate into a solid opportunity for building owners in the South, Southwest and West markets hoping to capitalize on the scarcity of space in the East.
About Us. As experts in Northeast Ohio and Cleveland commercial real estate, Jeff Cristal and Scott Pollock have successfully leased and sold over 30 million square feet of commercial real estate.
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