12395 Cedar Road - Restaurant Space — Lease in Cleveland Heights, OH
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: Cleveland Heights, OH 44106
- Size: 14,000 SF
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Market Context
This retail in Cleveland Heights, OH is listed for lease across 14,000 SF. 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
$1.98/SF/mo – $2.97/SF/mo
Mid: $2.48/SF/mo
Estimated total for 14,000 SF: $34,720 per month
Contact
- Rico Pietro · +1 216 525 1473
- Kirsten Paratore · 1 216 525 1491
- Robby Martinelli · +1 216 232-4104
Explore this market
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