Cleveland looks steady in new office market data

Under construction on Scranton Road in Cleveland, The Apex office
building is an anomaly. This is one of a precious few new office
buildings under construction that will be available for general lease.
This 312,000-square-foot building is being built to serve medical
offices that are in extremely short supply in Greater Cleveland which
is one of the tightest markets for available offices in the nation (KJP).
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Contrary to the narrative that office markets nationally and especially in Greater Cleveland are dead, two new reports show they are very much alive. And while they’re not fully recovered from the pandemic and remote working, some office markets including Cleveland’s have shown surprising resilience.

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