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Category: Apartments, Healthcare, Industrial, Multifamily, Net Lease Retail, Shopping Centers Tags: Cleveland, Market Overview

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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 become a tech and healthcare center. Northeast Ohio has the second-highest concentration of corporate headquarters outside of the Minneapolis-St. Paul region. Cleveland’s affordability, low-density population, and corporate-friendly environment make the metro an appealing climate for residents and investment opportunity.

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