Restaurant & Patio Sublease — Lease in Cleveland, OH

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Cleveland, OH 44113
  • Size: 4,442 SF

Photos

Restaurant & Patio Sublease — Lease in Cleveland, OH, photo 1 of 2
Restaurant & Patio Sublease — Lease in Cleveland, OH, photo 2 of 2

Description

Rare restaurant sublease opportunity in a prime Ohio City location offering 4,442 SF on the ground floor plus a 1,194 SF outdoor patio. Delivered in shell condition, the space provides a blank canvas for a custom restaurant or hospitality buildout, ideal for operators seeking to tailor the layout, kitchen, and dining experience to their concept.

Market Context

This retail in Cleveland, OH is listed for lease across 4,442 SF. Compare it against other retail listings for lease in Cleveland, 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 4,442 SF: $11,016 per month

Contact

Explore this market

Similar Retail Business for Lease in Cleveland, OH