cleveland Retail Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Matthews
Quarterly retail market indicators for cleveland, aggregated by CREhunt from Matthews. As of Q1 2026, average asking rent was $16.10/SF/yr and vacancy was 5.1%, per Matthews.
Projected current retail pricing — cleveland
Projected asking rent
$16.10–$16.18/SF/yr
Estimated sale value
$113–$143/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Matthews data (cap rate 8.8%, asking rent trend-adjusted to today). Assumes ~95% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Matthews | $16.10/SF/yr | 5.1% | — | — | Matthews |
| Q4 2025 Matthews | $16.16/SF/yr | 5.2% | 167K SF | — | Matthews |
| Q2 2025 Matthews | $16.35/SF/yr | 4.7% | 432K SF | — | Matthews |
Frequently asked questions
- What is the average asking rent for retail space in cleveland?
- As of Q1 2026, the average asking rent for retail space in cleveland was $16.10/SF/yr, per Matthews.
- What is the retail vacancy rate in cleveland?
- The retail vacancy rate in cleveland was 5.1% as of Q1 2026 (Matthews).
- Where does CREhunt's cleveland market data come from?
- This report aggregates quarterly retail market data for cleveland from Matthews.
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