16533 Royalton Road — Lease in Strongsville, OH
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: Strongsville, OH 44136
- Size: 5,880 SF
Photos
Market Context
This retail in Strongsville, OH is listed for lease across 5,880 SF. Compare it against other retail listings for lease in Strongsville, OH — view the full market.
As of Q1 2026, the Cleveland retail market showed a 5.1% vacancy rate, average asking rents near $16.10/SF/yr, rents up 0.7% year over year, and cap rates around 8.8%. Source: Matthews Q1 2026 market report.
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Retail market FAQ
- What is the typical cap rate for retail in Cleveland?
- About 8.8% as of Q1 2026, per Matthews.
- Is the Cleveland retail market tightening or softening?
- Vacancy is around 5.1%, with asking rents rising year over year (Q1 2026).
Contact
- Cameron Callahan · +1 216 232 4101
- Alex Smith · +1 (216) 525-1490
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