Cleveland Office Outlook – Q2 2022
An in-depth look at the leasing, sales, construction, and employment in the Cleveland office market.
July 01, 2022
- Andrew Batson
- Joe Warren
The Cleveland office market continues to stabilize as Covid-19 cases decline and return-to-office plans accelerate. In fact, year-to-date office demand has been positive, with absorption totaling 169,885 s.f., favoring Class A space by a factor of three to one. This trend of favoring Class A assets over commodity assets will continue over the coming year, especially as conditions remain tenant-favorable.
Download our Q2 2022 Cleveland Office Outlook provides a more detailed look at vacancy, asking rental rates, supply and demand, construction, and employment activity in the office market.