Downtown Cleveland’s ‘office market needs help’ – NEOtrans

Downtown Cleveland’s ‘office market needs help’

Greater Cleveland real estate, economic, development and construction news

By Ken Prendergast  October 07. 2022

Public incentives sought to boost downtown office market

This week, global real estate brokerage Newmark released its third quarter office market report for Greater Cleveland and the news wasn’t good, especially for downtown Cleveland. While three of five submarkets in the metropolitan area saw declining occupancies of office spaces in July-September, none suffered a greater loss than the central business district.

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