Despite a wave of bankruptcy-related store closures, the retail space market continues to see historically low availability as very few new retail developments have been built over the past decade. As of the first quarter of 2025, the availability rate for retail space in Cleveland hovers around 5%, where it has held since mid-2022.
It's a struggle for retailers to find available space in Cleveland
Older and at times obsolete spaces make up the bulk of current retail space availability, further limiting options
CoStar Analytics
March 31, 2025 | 5:40 P.M.
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