Office market recovery to take ‘years’

The corner of Euclid Avenue and East 9th Street was the heart of Cleveland’s office market. In
the 1980s, nearly 60,000 office jobs were located within two blocks. Today, of the 10 built-as-
office-buildings of eight stories or taller seen here, three are vacant, three others were conver-
ted to residential/hotel uses, and four remain as occupied office buildings. The PNC Bank
Plaza at center is a healthy outlier (NEOtrans). CLICK IMAGES TO ENLARGE THEM.

Newmark’s market reports are well-regarded in the real estate industry. Their data is typically dry, yet spot-on. And they almost always avoid drama in their analyses. But their second-quarter 2026 office market report for Greater Cleveland added some unusually colorful adjectives to their data.

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Soccer stadium partners with Rock Entertainment Group

The proposed Cleveland soccer stadium in the Gateway South District offers branding, sponsor-
ship and marketing opportunities that Rock Entertainment Group will help realize (CSG).
CLICK IMAGES TO ENLARGE THEM.

Cleveland Soccer Group (CSG) today announced that Rock Entertainment Group (REG) – the organization behind the Cleveland Cavaliers, Rocket Arena and Cleveland’s incoming WNBA franchise – will lead the naming rights and entitlement sales process for South Gateway Stadium, CSG’s planned 10,000-seat venue on the south side of downtown Cleveland.

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Demolition for Bridgeworks starts

Workers and their heavy equipment began taking down the former Cuyahoga County Engineers’
buildings at the west end of the Detroit-Superior Bridge in Cleveland’s Ohio City neighborhood
(NEOtrans). CLICK IMAGES TO ENLARGE THEM.

Demolition crews started working this week to raze the former Cuyahoga County Engineers’ garage and lab complex at the northeast corner of the Detroit-Superior Bridge and West 25th Street for the long-planned, multi-family Bridgeworks development.

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NE Ohio wins big, $160M advanced manufacturing grant

Case Western Reserve University of Cleveland led the Northeast Ohio
Strengthening Manufacturing for American Resilience through
Technology. One place where this new effort could be supported is the
university’s new $300 million Interdisciplinary Science & Engineer-
ing Building which is nearing completion (Harrison Whittaker).
CLICK IMAGES TO ENLARGE THEM.

Hundreds of regions competed for a large, prestigious grant from the U.S. National Science Foundation (NSF) to boost advanced manufacturing. But it was a 70-member coalition from Northeast Ohio that came out on top today.

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Renovations helping to preserve historic Ohio City

An historic mansion at 3117 Franklin Blvd. is being converted into apartments
as part of the Franklin Yards development (Harrison Whittaker).
CLICK IMAGES TO ENLARGE THEM.

A neglected building can drag down an entire block, but restoring an obsolete structure can do the exact opposite, creating renewed activity that cascades to nearby businesses. In Cleveland’s Ohio City neighborhood, a wave of renovation projects could serve as a model for preserving the city’s dwindling stock of historic buildings.

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Westwood in Rocky River fetches $28.7M

 The L-shaped Westwood Town Center on Center Ridge Road in suburban
Rocky River has a new owner (JLL). CLICK IMAGES TO ENLARGE THEM.

A popular, well-leased, strip-shopping center in Cleveland’s western suburbs was just sold by a local firm to a larger, national company based in New York City.

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Vacant lots may grow useful again

Too much of Cleveland’s East Side looks like this — rural. From nearly 100,000 residents
in the 1960s to fewer than 20,000 today turned this crowded area into an urban prairie.
This is East 65th Street at Luther Avenue, where the Hough neighborhood meets St Clair-
Superior (Google). CLICK IMAGES TO ENLARGE THEM.

Taken together, Cleveland’s Hough and St. Clair-Superior neighborhoods aren’t that big of area. But its large amount of vacant land weighs heavily on the City of Cleveland.

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