Mission Possible: The future of Downtown Cleveland is strong due to demand of living

Описание: “Downtown is both our front door as well as the living room for the region,” said the President and CEO of the Greater Cleveland Partnership, Baiju Shah.

Whether it's tourism, or companies looking to relocate, the first stop in Northeast Ohio is downtown Cleveland. For years, developers have dangled luxury lifestyles, with a view. But how many apartments can downtown support?
“We don't have a demand problem. We have a supply problem. There's plenty of demand. We need more supply,” said the President and CEO of the Downtown Cleveland Alliance, Michael Deemer.

That's the consensus of a housing study by the Downtown Cleveland Alliance and Greater Cleveland Partnership. While parts of the city are losing residents, downtown's population is growing. Downtown Cleveland's population is currently up 22% from ten years ago, making it a hot market.

“I think it's a signal that the demand is absolutely there to developers and investors,” said Shah. “We need more apartments, but we also need more for sale housing throughout downtown and greater downtown.”

Read more: https://www.wkyc.com/article/money/ec... --

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