Cleveland Retail Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from , Cushman & Wakefield
Quarterly retail market indicators for Cleveland, aggregated by CREhunt from , Cushman & Wakefield. As of Q1 2026, average asking rent was $16.16/SF with a 4.4% vacancy rate.
Projected current retail pricing — Cleveland
Projected asking rent
$16.16/SF/yr
Estimated sale value
$115–$146/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 reported data (cap rate 8.7%, asking rent held flat). Assumes ~96% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $16.16/SF | 4.4% | 107K SF | — | |
| Q2 2018 | $9.96/SF | 16.2% | — | — | Cushman & Wakefield |
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 $16.16/SF.
- What is the retail vacancy rate in Cleveland?
- The retail vacancy rate in Cleveland was 4.4% as of Q1 2026.
- Where does CREhunt's Cleveland market data come from?
- This report aggregates quarterly retail market data for Cleveland from Cushman & Wakefield.
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