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| Downtown Cleveland’s Nine-Twelve District is hurting these days. This office building at 1100 Superior Ave. is a emblematic of it. The building is headed to auction next month due to lagging occupancy. But some buildings visible here have even more vacancies but are awaiting conversion to residential — 925 Euclid, Ohio Savings and 800 Superior (LoopNet). CLICK IMAGES TO ENLARGE THEM. |
It’s not a good situation when the two major commercial segments of the market — office and industrial — are both seeing sluggish times in terms of leasing activity. In fact, both sectors in Greater Cleveland saw tenants give back more space to the market than they absorbed due to some large, high-profile departures.
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