Oak Tree Place — Lease in Independence, OH

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

Photos

Oak Tree Place — Lease in Independence, OH, photo 1 of 1

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. 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 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).

Estimated Market Rate

$1.98/SF/mo – $2.97/SF/mo

Mid: $2.48/SF/mo

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