Office

Oak Tree Place - Sublease

oak tree place - sublease, independence, OH 44131

Price

Price on request

Price/Sq Ft

$12.00

Description

16,055 SF Available for Sublease in the Rockside Corridor 16,055 SF Available for Sublease - Entire 4th Floor Rental Rate is $12.00/sf Very Lightly Lived In Furniture Available Suite Available Immediately

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

Location

oak tree place - sublease, independence, OH 44131

Leaflet © OpenStreetMap contributors

Financial Details

Lease TypeModified Gross

Market Context

As of Q1 2026, the Cleveland office market showed a 26.9% vacancy rate, and average asking rents near $20.28/SF/yr. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

high confidence

Projected asking rent

$20.28/SF/yr

Estimated sale value

$86–$112/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 multiple brokerages data (cap rate 8.6%, asking rent held flat).

View the full Cleveland Office market report →

Above-average vacancy gives tenants leverage and a wide set of comparables.

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

Office market FAQ

Is the Cleveland office market tightening or softening?: Vacancy is around 26.9% (Q1 2026).

Unified Estimate

High Confidence

$13.93/SF/mo-$17.05/SF/mo

Mid: $14.83/SF/mo

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

Lease Rate & Market Trend

Market report quarterly trend fallbackFIPS 32003

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.