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Modern Office Suites in Cleveland
For Lease
$12 SF/Yr

5115 Broadway Ave, Cleveland, OH 44127

High-quality commercial suites in a vibrant, growing community.

Space SizeContact for details
Property Size20,000 SF
Days on Market156

Property Features for 5115 Broadway Ave

General Information

Standard status Active
Size 20,000 SF
Listing Agency: Prettyman & Associates
Listed By: Sonya J Williams
Source: Exprealty
Added: Feb 28 Changed: Jul 10 Last Checked: Jul 31 at 8:12PM

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 Prettyman & Associates

Investment Insights

Based on property information with market context.

Located in the heart of the Broadway/Slavic Village community, Broadway Rising is a newly constructed mixed-use development. The property features 88 modern affordable housing units and a 20,000-square-foot ground-floor office space occupied by University Settlement. Available are first-floor commercial suites that provide professional work environments with access to neighborhood partnerships and amenities. Three suites are currently available: a furnished collaborative suite including two private furnished offices and a spacious open area equipped with ten workstations; a flexible four-office suite featuring four offices, including one outfitted with an exam table and sink; and a premier suite offering floor-to-ceiling windows and a private front entrance. These spaces are suitable for small businesses, professional service providers, or nonprofit organizations, and offer convenient access to major highways, local schools, retail shops, and dining. Broadway Rising is designed to foster productivity, collaboration, and community connection.

Key Highlights

  • Newly constructed, modern commercial suites in a mixed‑use development.
  • Located in the heart of the vibrant Broadway/Slavic Village community.
  • Three suite options available to meet a variety of needs, including furnished collaborative space, flexible four‑office suite, and a premier suite.

Property Analytics

Current Use

5115 The Rising Real Estate Agency Broadway EATz Restaurant

Suggested Use

Top Pick Hair Salon HVAC Service (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Storage Facility Carpet & Flooring Store

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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

538
Businesses Nearby

Demographics for 44127, OH

4,179
Population
2,182
Households
1.9
Avg Household Size
37
Median Age
10%
College-Educated
67%
High-School Grad
1.8 sq mi
ZIP Area
2,322
Density / Sq Mi
$32,955
Median Household Income
$29,000
Median Earnings
$657
Median Rent
$50,600
Median Home Value

Market

Lease Benchmarks for Cleveland, OH

$16.09 /SF/Yr
Avg Asking Price
$9–$21 /SF/Yr
Price Range
12,796 SF
Avg Space Size

This space is priced 25% below the average of $16.09 /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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - High-quality commercial suites in a vibrant, growing community.
Where is this office units located?
The property is located at 5115 Broadway Ave Cleveland, OH.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Newly constructed, modern commercial suites in a mixed‑use development.; Located in the heart of the vibrant Broadway/Slavic Village community.; Three suite options available to meet a variety of needs, including **furnished collaborative space, flexible four‑office suite, and a premier suite.**
More about this property
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