Cleveland Multifamily Report – Spring 2021

Cleveland sales volume and variety of homes offered, click to expand

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In January, had the greatest joblessness rate of any significant market – 7.3 percent. In Columbus and Cincinnati the rate was 200 basis points lower. After 115,900 tasks were lost on the train in 2020, a number of humanitarian, business and civic companies establish an emergency situation fund to assist those battling with the continuous results of the health crisis in Cuyahoga, Lake and Geauga counties . Approximately $ 1.3 million in grants were offered to 88 business to assist them survive and keep staff members as pedestrian traffic in the center dropped substantially.

Contrary to nationwide patterns, deal activity continued throughout 2020 and early this year, with a combined $ 50 million in multi-household home altering hands in January and February. The price of Cleveland’s real estate market led Forbes to include the train to its list of leading real estate markets in 2021.

Read the complete Yardi Matrix report.

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