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| The Collins Apartments on Carter Road is one of two major developments to open in the past year on Scranton Peninsula in Cleveland’s Flats. But it wasn’t enough to meet Greater Cleveland’s demand for more multifamily units (NEOtrans). CLICK IMAGES TO ENLARGE THEM. |
A new report released today by international real estate firm Colliers shows that multifamily development in Greater Cleveland isn’t keeping up with demand. The result is that average rents in the Cleveland area are now the highest of any metro area in the state.
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