NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
Recent real estate projects show the strength of the housing market in Cleveland, especially in certain neighborhoods accessible to downtown and the lake. New projects are taking at a stab at an undeveloped area for housing — East 55th Street and the Shoreway, just west of Gordon Park.
Read MoreGordon Park area — Cleveland’s next housing boom site? Read More »
Presidential candidate Ross Perot in 1992 famously referred to a “huge sucking sound” when it came to jobs leaving the USA. When money starts pouring into a city like Cleveland, it ought to make a sound, too. It is, and people are noticing.
Read MoreCleveland’s profile soars among out-of-state investors Read More »
In case you’ve missed it, and judging by the lack of coverage in local mainstream media you have, but Greater Cleveland’s economy has managed to win some serious momentum in recent months.
September jobs data from the Bureau of Labor Statistics just came in this past week (see chart below). It showed that Greater Cleveland’s employment grew by 2.7 percent compared to September 2017 year-over-year (YOY). That would have been an increase over August’s robust 2.5 percent increase YOY, except that August’s preliminary data was adjusted upward to 2.7 percent in this latest report.
Cleveland’s economy is kicking butt Read More »
A remarkable building boom is under way in Greater Cleveland. Because of a strong economic recovery that’s been picking up momentum here over the past five years, there are more large building projects in the metro area now than at any time in perhaps the past 50 years.
Read MoreCleveland: Nearly 40 towers planned Read More »
There is an incredible story playing out among the spreadsheets and city streets in the Cleveland. On the data side, real estate market observers are watching a remarkable rise in the number of housing sales and prices in the City of Cleveland. At the same time, social service organizations and agencies are witnessing a sad downside — worsening homelessness — that needs to be addressed very soon, preferably before another cold winter sets in.
Read MoreCleveland’s growing home sales AND homelessness Read More »
Cleveland’s East Side, with one big exception, is a mess. It’s got some of the worst urban poverty in the United States and is the reason for Cleveland’s #2 ranking among America’s biggest cities in terms of percentage of residents living in poverty. Only Detroit outranks Cleveland in that regard.
Read MoreLeveraging the Boomtown Read More »
The latest report from the Downtown Cleveland Alliance (DCA) on the progress of downtown had an especially interesting data set in it. That report, for the First Quarter of 2018, showed that the last of downtown’s obsolete commercial buildings (offices, warehouse, department store, etc.) being converted to residential (along with several new construction projects) will put the population of downtown Cleveland at about 20,000 people by 2020.
Read MoreCleveland’s core entering new-construction mode Read More »
Perhaps you’ve noticed it on the license plates of cars in your neighborhood. Perhaps you’ve noticed it while shopping for a new house. Perhaps you’ve noticed it in the new faces at your child’s school. Perhaps you’ve noticed it on local dating apps.
Something is happening in Greater Cleveland that we’re not accustomed to. They’re coming. Many are already here. Lots of them. Lots of what?
Read MoreCleveland, redefined Read More »
No one in Cleveland or Akron or Ashtabula complains to or congratulates Connecticut Governor Dannel Malloy. No one in Warren, Medina or Sandusky cares if U.S. Senator Chris Murphy should be re-elected in 2018. There is no sharing of state offices between Cleveland and Hartford and thus, only one direct flight between Cleveland Hopkins and Hartford Bradley. And we sure don’t call ourselves the Nutmeg State, or even the exclave of same.
Read MoreCould the Western Reserve return to Connecticut, please? Read More »
For those who keep track of new real estate developments in Greater Cleveland, they might be noticing something about the location of these developments. Where are most of the planned, proposed, under-construction and recently completed developments? If you said “within walking distance of a Greater Cleveland Regional Transit Authority rapid transit line” you’d be right!
Read MoreTransit station-area development activity paces region-Part 2 Read More »
