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Cleveland, Ohio

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Last updated: 23-Oct-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) N/A N/A N/A N/A N/A
Class A (Prime) $ 18.00 $ 24.00 $ 17.09 11.7% N/A
Class B (Secondary) $ 14.00 $ 19.00 $ 15.00 17.3% N/A
 
Suburban Office
New Construction (AAA) $ 21.50 $ 28.50 $ 27.50 42.0% N/A
Class A (Prime) $ 16.00 $ 24.00 $ 19.62 11.3% N/A
Class B (Secondary) $ 13.00 $ 17.00 $ 16.63 13.1% N/A
 
Industrial
Bulk Warehouse $ 2.25 $ 5.50 $ 3.50 7.9% N/A
Manufacturing $ 2.00 $ 6.00 $ 3.75 8.3% N/A
High Tech / R&D N/A N/A N/A N/A N/A
 
Retail
Downtown N/A N/A N/A N/A N/A
Neigborhood Service Centers $ 5.00 $ 32.00 $ 12.00 11.9% N/A
Community Power Center $ 4.00 $ 30.00 $ 14.00 13.7% N/A
Regional Malls $ 10.00 $ 40.00 $ 25.00 3.5% N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD $ 10 $ 125
Land in Office Parks $ 200,000 $ 400,000
Land in Industrial Parks $ 70,000 $ 150,000
Office/Industrial Land - Non-park $ 90,000 $ 175,000
Retail/Commercial Land $ 60,000 $ 2,000,000
Residential $ 10,000 $ 120,000
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