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United States | Cleveland, OH

Report | Cleveland Office Insight - Q3 2016

Summary

​Rents look ready to rise as the Cleveland office market appears to be tightening over the coming year, giving landlords the leverage they need to push prices even higher.

Two spec construction projects are now underway in the suburbs after a six-year hiatus. Both are located in the East submarket, which is arguably suburban Cleveland's strongest office market. We've seen a number of build-to-suit and owner-user projects since the recession, but these two projects represent a return of spec construction and broader developer confidence.​

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