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| The largest development in downtown Cleveland that’s adding more housing is the 23-story City Club Apartments at 720 Euclid Ave. that will add 303 housing units. Other projects in the works could add thousands more apartments in the next couple of years (KJP). CLICK IMAGES TO ENLARGE THEM |
New data from a leading North American real estate services firm shows that Greater Cleveland had the smallest number of new apartment units under construction in the USA in the fourth quarter of 2022. That snapshot of construction activity in America’s multi-family rental market shows that, not only is Greater Cleveland lagging way behind the nation’s largest metropolitan areas in adding new apartments, it’s also lagging behind many of its peer metros. The report comes as the City of Cleveland considers reducing its financial incentives for new developments.
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