What is the typical cap rate for retail in Cleveland?

About 8.7% as of Q1 2026, per www matthews com.

Is the Cleveland retail market tightening or softening?

Vacancy is around 4.4% (Q1 2026).

Retail

INTRO

intro, cleveland, OH 44113

Price

Price on request

Price/Sq Ft

$30.00

Description

Welcome to Cleveland's Most Dynamic Neighborhood - 2 Spaces Available Developed and Owned by Harbor Bay Real Estate Advisors. Leased by CBRE, Inc.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

intro, cleveland, OH 44113

Leaflet © OpenStreetMap contributors

Financial Details

Lease TypeTriple Net (NNN)

Market Context

As of Q1 2026, the Cleveland retail market showed a 4.4% vacancy rate, average asking rents near $16.16/SF/yr, and cap rates around 8.7%. Source: www matthews com Q1 2026 market report.

Projected current pricing

low confidence

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 www matthews com data (cap rate 8.7%, asking rent held flat).

View the full Cleveland Retail market report →

Tight vacancy keeps competition for quality space elevated.

Compare it against other retail listings for lease in Cleveland, OH to benchmark pricing and space — view the full market.

Retail market FAQ

What is the typical cap rate for retail in Cleveland?: About 8.7% as of Q1 2026, per www matthews com.
Is the Cleveland retail market tightening or softening?: Vacancy is around 4.4% (Q1 2026).

Unified Estimate

Medium Confidence

$17.42/SF/mo-$21.62/SF/mo

Mid: $18.80/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Lease Rate & Market Trend

Market report quarterly trend fallback

Low Confidence

Avg Rent ($/SF/mo) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.