Cleveland Business Park — Lease in Cleveland, OH

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Cleveland, OH 44135

Description

Cleveland Business Park offers a premier industrial leasing opportunity with three state-of-the-art speculative warehouse buildings totaling approximately 642,340 square feet. Designed for modern distribution and logistics operations, the park features flexible configurations starting at 16,640 square feet, accommodating a wide range of tenant requirements. With completion scheduled for Fall 2027, Cleveland Business Park is positioned to meet the growing demand for high-quality industrial space in a prime logistics corridor.

Market Context

This industrial in Cleveland, OH is listed for lease. It has been on the market for 53 days. Compare it against other industrial listings for lease in Cleveland, OH — view the full market.

As of Q1 2026, the Cleveland industrial market showed an 8.8% vacancy rate, and cap rates around 10.5%. Source: multiple brokerage reports, Q1 2026.

Industrial market FAQ

What is the typical cap rate for industrial in Cleveland?
About 10.5% as of Q1 2026, per multiple brokerage reports.
Is the Cleveland industrial market tightening or softening?
Vacancy is around 8.8% (Q1 2026).

Estimated Market Rate

$10.63/SF/mo – $14.37/SF/mo

Mid: $12.50/SF/mo

Cost-of-business estimate only; rate estimator unavailable.

Based on comparable properties in similar markets rather than local sales.

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