12301 Cedar Road - The Ascent at Top of the Hill — Lease in Cleveland Heights, OH
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: Cleveland Heights, OH 44106
- Size: 11,000 SF
- Year built: 2023
Photos
Market Context
This retail in Cleveland Heights, OH is listed for lease across 11,000 SF. The building dates to 2023. Compare it against other retail listings for lease in Cleveland Heights, OH — view the full market.
As of Q1 2026, the Cleveland retail market showed a 5.1% vacancy rate, average asking rents near $16.10/SF/yr, rents up 0.7% year over year, and cap rates around 8.8%. Source: Matthews Q1 2026 market report.
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Retail market FAQ
- What is the typical cap rate for retail in Cleveland?
- About 8.8% as of Q1 2026, per Matthews.
- Is the Cleveland retail market tightening or softening?
- Vacancy is around 5.1%, with asking rents rising year over year (Q1 2026).
Estimated Market Rate
$1.43/SF/mo – $2.05/SF/mo
Mid: $1.75/SF/mo
Estimated total for 11,000 SF: $19,250 per month
Contact
- Ryan Fisher · +1 (216) 525-1497
- Alex Smith · +1 (216) 525-1490
Explore this market
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