Research

Cleveland Office Outlook - Q3 2020

An in-depth look at the Cleveland office market. Analysis includes leasing, sales, construction and employment.

November 11, 2020

Leasing activity in Cleveland declined significantly during the third quarter with just over 150,000 square feet of leases being signed, representing a 70.0 percent reduction from historical levels. One trend that has continued despite COVID-19 is urban migration. In the third quarter, four companies relocated from the suburbs to downtown, absorbing 30,000 square feet of office space.

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