More downtown firms making moves

The 19th-century Grand Arcade in downtown Cleveland’s Warehouse
District is often thought of as a residential property. But it also has
office condos. The wife of the founder of Herman Legal Group bought
one and is renting it out to the immigration law firm which will move
into it next month (REmax). CLICK IMAGES TO ENLARGE THEM

Three legal and financial service firms in downtown Cleveland are on the move to new addresses in the central business district, with two firms seeking smaller spaces as part of an ongoing trend by many office-based employers to downsize their work spaces after the pandemic. The third firm moved to accommodate significant new growth in Cleveland. And each firm is staying downtown, investing in their new office locations, with none of the three seeking a reduction in employment. Indeed, even as some office spaces shrink, the number of employees at those tenants’ aren’t shrinking. Instead, they are taking advantage of remote working and web-based contact with clients.

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