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Cleveland Office Space For Rent
For Lease
$18.50 SF/Yr

2999 Payne Avenue, Cleveland, OH 44114

Office space available in dynamic Cleveland location.

Property Size23,511 SF
Days on Market250

Property Features for 2999 Payne Avenue

General Information

Standard status Active
Size 23,511 SF
Property subtype Office
Listing Agency: CBRE | Cleveland
Listed By: Stephen Morris
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Jul 30 at 3:35AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Cleveland

Investment Insights

Based on property information with market context.

This property offers office space in a dynamic area known for its iconic landmarks such as Slyman's Deli, as well as a variety of restaurants, galleries, grocery stores, and Asian food markets. The available space totals 23511 square feet. The location is also known as "Pho Row" due to its concentration of Vietnamese restaurants.

Key Highlights

  • Proximity to iconic landmark hot spots (e.g., Slyman's Deli).
  • Location within a dynamic area.
  • Close to a variety of restaurants, including "Pho Row".

Property Analytics

Current Use

Sisters Gift Shop (Bike/Boat/Book/etc) Store Global Capital Management ... Tax Preparation Li Wah Restaurant CAIR-Cleveland Social Service Agency Cleveland Asian Festival Music Venue

Suggested Use

Top Pick Garden Center Pet Store Skin Care Clinic (Bike/Boat/Book/etc) Store Pet Store & Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.78 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,830
Businesses Nearby

Demographics for 44114, OH

7,622
Population
5,151
Households
1.5
Avg Household Size
32
Median Age
47%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
2,541
Density / Sq Mi
$45,400
Median Household Income
$39,915
Median Earnings
$1,296
Median Rent
$112,900
Median Home Value

Market

Lease Benchmarks for Cleveland, OH

$17.11 /SF/Yr
Avg Asking Price
$9–$29.14 /SF/Yr
Price Range
15,260 SF
Avg Space Size

This space is priced 8% above the average of $17.11 /SF/Yr.

Vacancy Rate% for Office in Cleveland, OH

6.9% 2019
6.6% 2020
6.6% 2021
7.6% 2022
10.8% 2023
10.6% 2024
10.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office space available in dynamic Cleveland location.
Where is this office units located?
The property is located at 2999 Payne Avenue Cleveland, OH.
What is the lease rate?
The lease rate is $18.50 SF/Yr.
What are key features of this property?
This property features: Proximity to iconic landmark hot spots (e.g., Slyman's Deli).; Location within a dynamic area.; Close to a variety of restaurants, including "Pho Row".
More about this property
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