Cleveland, Ohio Commercial Real Estate Market Report

The current Commrty marketplace in Cleveland, Ohio, features 167 active property listings, all of which are offered for sale. These listings represent the cumulative inventory captured over the last 90 days, with no new entries recorded in the most recent 30-day period. This collection of properties spans a broad range of valuation, reflecting the diverse economic landscape of a region anchored by its historical industrial strength and medical sectors. The entire inventory remains available on the platform, as no listings have been marked as sold or leased during the prior 180-day window. Pricing across the Cleveland marketplace varies significantly, with asking prices ranging from $5,000 to $7.3 million. Among the 124 listings that have published a specific asking price, the median price sits at $477,000. For investors evaluating these opportunities, the median advertised cap rate is 9.25 percent. This pricing structure serves as a baseline for current market expectations for buyers considering assets across the metro area. Retail and multifamily properties dominate the active Commrty inventory, accounting for 60 and 59 listings respectively. These segments are followed by 15 industrial properties, 12 land parcels, 9 office buildings, and a smaller selection of mixed-use and special purpose assets. This composition suggests a market oriented toward local investors seeking yield in stabilized commercial sectors or those interested in repurposing regional assets. The high concentration of retail and multifamily units provides a focused pool of options for buyers seeking income-producing assets within the Northeast Ohio corridor.