Cleveland Office MarketBeat Q1 2026
Cushman & Wakefield's Q1 2026 Cleveland office market report indicates overall vacancy remained flat at 10.9% with net absorption of negative 481,804 square feet, reflecting continued tenant downsizing despite solid leasing activity, while asking rents declined slightly to $19.42 per square foot overall with Class A rents rising to $21.73 per square foot. Transaction activity in Q1 included 98 sales totaling 2.77 million square feet led by the 640,736-square-foot auction of 6300 Wilson Mills Road, and 197 leases totaling 638,599 square feet with 61 percent of deals under 2,000 square feet, concentrated among smaller tenants.
Published by Cushman & Wakefield. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Cushman & Wakefield
- Obtained from
- Unknown: source not established
- Published
- Mar 31, 2026
- Last updated
- Jun 28, 2026 (1 month ago)
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