Insights

Cleveland Multifamily Market Report Cleveland Key Findings With a rent growth of 2.8%, Cleveland ranks among the top 10 markets for rent growth nationwide. High demand is concentrated on upper-tier units, with 1,000 units absorbed during Q2 and Q3 2024. Downtown Cleveland leads in new construction, accounting for 35% of the market’s recent supply. By […]

West Side Cleveland Multi-Tenant Market Report Market Overview The West side of Cleveland offers a blend of old-world charm and modern attractions, with notable landmarks like the West Side Market, a historic public market dating back to 1912, which continues to draw food enthusiasts from near and far. This area is also known for its […]

Cleveland East Side Multi-Tenant Market Report Cleveland East Side Market Overview Cleveland is located on the shores of Lake Erie and is known for its scenic beauty. Each of the included submarkets is situated on the East side, offering residents and visitors a perfect blend of small-town charm and easy access to the vibrant cultural […]

Multifamily Market Overview Cleveland, OH Cleveland saw new record demand in 2021, supported by limited deliveries and unit availability. Pent-up demand from the recovering COVID-19 environment has fed positive net absorption in the last year. Downtown Cleveland receives a significant share of demand, recording a steep drop in vacancy as offices and businesses open up […]

Cleveland Market Overview According to the World Population Review, Cleveland is the second-largest city in Ohio with a whopping population of 372,101 people. Cleveland’s growth is mainly driven by industrial, healthcare, and tech companies. The market boasts affordability, a low-density population, and a corporate-friendly environment, making the metro an appealing climate for residents and investment […]

  According to the World Population Review, Cleveland is the second-largest city in Ohio, with a population of 374,394. Once a manufacturing hub, Cleveland’s growth was primarily driven by the industrial sector. Now that manufacturing has shifted overseas and is facing headwinds due to disrupted supply chains and labor shortages caused by COVID-19, Cleveland has […]

In nearly every major metro in the Midwest, the most active retailers expanding, leasing or developing involve grocers, discounters and drive-thru tenants. Most of the activity in the Midwest is reflective of the broader trend in shifting consumer demands, away from wants and more toward needs and services.    Discount retailers    It’s no surprise […]

How do you expect the Cleveland real estate market to perform going forward? Cleveland will continue to perform at a stable and modest rate. The strength of the market lies in the depth of large stable employers. The world-renowned hospital systems (and the ancillary businesses built around them), Progressive Insurance, Key Bank, Sherwin Williams are […]

The Midwest boasts some of the largest industries in the nation, with manufacturing and healthcare topping the list. In addition, the region hosts almost ten percent of U.S.-based tech start-ups and houses 139 Fortune 500 Companies. Cleveland is considered a healthcare powerhouse, being one of the largest industries in the market. Since 2010, healthcare tech […]