Cleveland, Ohio is emerging as a standout market for real estate investors thanks to its unique combination of affordability, growth potential, and economic revitalization as can be seen by the facts below, which highlight the city’s strong rental demand, major development projects, and investor-friendly incentives.

• Affordable Housing: Homes in Cleveland are affordable compared to national averages across the U.S. Cleveland has a fast-growing housing market with strong appreciation potential and offers a low cost of living.

• Strong Demand for Rental Properties: Cleveland has strong rental demand and low vacancy rates driven by its large population, major healthcare and education employers, and affordable housing relative to income.

• Diverse Economy: Cleveland boasts a diverse and resilient economy anchored by key industries such as healthcare, advanced manufacturing, financial services, information technology, and biotechnology, supported by major employers like the Cleveland Clinic, Sherwin-Williams, and KeyBank.

• Vibrant Culture: Cleveland boasts a vibrant culture with a rich music and arts scene, passionate sports fandom for teams like the Browns, Cavaliers, and Guardians, and diverse entertainment options from world-class museums to lively nightlife and waterfront events.

• Major Investments: Cleveland is seeing major investments including a proposed $2.4 billion domed stadium by the Browns, a new Sherwin-Williams global headquarters, and a Cavaliers training facility, along with major housing and waterfront redevelopment projects.

• Investor Incentives: Cleveland offers tax abatements and opportunity zones in parts of Cleveland which provide potential tax deferral of exclusion benefits for property owners.

These factors collectively position Cleveland as a compelling market for real estate investment, aligning with our company’s mission to transform properties into high-quality living spaces and contribute positively to community development.