The third quarter began with thrilling announcements about the Republican National Committee selecting Cleveland for its 2016 convention and LeBron James announcing his return to the Cavaliers. Downtown Cleveland’s momentum accelerated over the course of the third quarter across all market sectors.
Downtown Cleveland continues to capitalize on its key assets: one of the most skilled workforces in the U.S., a walkable downtown that attracts and retains talent, and a favorable business climate. Downtown Cleveland’s accelerating momentum in Q3 included:
Cleveland ranking as the 5th fastest growing population of workers with advanced degrees in the nation
The Opening of The 9 and the Residences at 1717, sending the downtown residential population over 13,000 while maintaining over 95 percent occupancy among market rate apartments. DCA projects this population will grow to nearly18,000 by the end of 2017, 23,000 by the end of 2020 and to 25,000 by the end of 2022.http://www.downtowncleveland.com/media/228481/q3_2014_spreads-2-.pdf