Research

Cleveland Office Outlook – Q2 2021

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

July 01, 2021

The Cleveland office market recorded its fourth consecutive quarter of increasing vacancy; however, other indicators point to a rebound. Sublease vacancy added quarter-over-quarter is beginning to plateau, and leasing activity has increased meaningfully as more companies accelerate their return to office plans as we approach fall. Our Q2 2021 Cleveland Office Outlook provides a more detailed look at vacancy, asking rental rates, supply and demand, construction, and employment activity in the office market.

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