In this edition of our market brief, we highlight Cleveland’s remarkable resurgence, which recently earned it a spot among the world’s top cities—ranking 70th globally, surpassing cities like Hong Kong, Rio de Janeiro and Athens. This achievement reflects Cleveland’s dynamic growth, driven by a blend of economic revitalization, cultural investments, and strategic urban planning.
Major drivers of this transformation include:
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Cleveland’s focus on adaptive reuse, reshaping downtown by converting underutilized office towers and industrial spaces into vibrant multifamily residences.
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The Opportunity Corridor, a $330 million project connecting University Circle with I-490, unlocking development potential in long-neglected neighborhoods.
We also include a review of the associated multifamily performance metrics, across the US, Metro Cleveland, Downtown and East Cleveland submarkets. We appreciate your trust in us as your go-to source for market intelligence. Our goal is to equip you with the critical insights and data necessary to make informed decisions.
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