Oak Tree Place — Lease in Independence, OH

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Independence, OH 44131

Description

Office Space Available in Independence, OH BUILDING INFO: • A 4-story office building totaling 59,883 RSF • Office Suite 120 Available July 1st • Office Suite 150 Available November 1st • Lease rates starting at $17.00 RSF • Two passenger elevators. • 350 parking spaces with a ratio of 5.8 per 1,000 SF tenant and guest parking spaces available. • High visibility building signage for a full floor tenant or greater. BUILDING AMENITIES: • New Market Cafe stocked with fresh prepared food from Aramark. • Three brand new conference rooms with new technology & furniture. • A new business lounge with flat screen TV, modern furniture, collaboration area, ping pong table & WiFi. • Renovated building lobby with new furniture.

Market Context

This retail in Independence, OH is listed for lease. It has been on the market for 195 days. Compare it against other retail listings for lease in Independence, OH — view the full market.

As of Q1 2026, the Cleveland retail market showed a 4.4% vacancy rate, average asking rents near $16.16/SF/yr, and cap rates around 8.7%.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in Cleveland?
About 8.7% as of Q1 2026.
Is the Cleveland retail market tightening or softening?
Vacancy is around 4.4% (Q1 2026).

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