Cleveland As An Investment Destination
Cleveland is gaining praise as an attractive real estate investment destination.
What’s the draw? What can investors expect?
OVERVIEW
Cleveland, OH currently offers an exciting combination of trending status, strong
fundamentals, appealing opportunities, and a positive Outlook for the future.
CLEVELAND RISING
- Ranked America’s #1 hottest city
- Attracting top athletes and sports celebrities
- Ranked one of the best rental property markets for 2017
- Around $20B invested in redeveloping downtown and infrastructure
- Multiple 8 and 9 figure developments underway
- Home to the Rock & Roll Hall of Fame
- 2nd largest theatre district after NYC
- Booming food and music scene
- Two new Amazon distribution centers
- Home to 27 universities and colleges
CLEVELAND NEWS
Forbes Names Cleveland “Hottest City in America”
NY Times Ranks Cleveland #7
Where the good jobs are without a college degree Read here
Cleveland #6 For Cities Doing M&A Deals
Mergers & Acquisitions identifies 15 cities that provide fertile environments for dealmaking More…
Check out the annual round up of Cleveland real estate market statistics here…
Hertz Acquires Major Cleveland Office Tower
Hertz buys Class A office tower for $35.4M Read details
Green Building Trend Grows In Cleveland
Another historic Cleveland building gets LEED Certification
New 52 Acre Development Gains Approval
New $132M real estate project in Cleveland with retail gets approved.
Additionally Cleveland becomes world headquarters for home furnishing store,
a new $13M and $62M tower project are underway. Plus, new affordable housing
partnership reaches $513M in funding forlocal developments, and 3 Class A
office buildings in Independence sell for $50M.
East Cleveland Gets New Downtown
Pinecrest to get $240M downtown live-work-play development with Whole Foods.
Ohio Records Best Year For Real Estate In 12 years
Property market performance hits 12 year high, but inventory supply remains tight.
THE FUNDAMENTALS
- 98% rental occupancy rate
- 10+ Fortune 500 company headquarters
- 12% annual population growth
- 4.2% unemployment (Oct. 2019)
- 139% rise in young residents with college degrees
- Properties available for 25% to 50% of nation average
- Home to first Global Center for Healthcare and Innovation
GREAT OPPORTUNITIES
- Attractively priced turnkey properties
- Single family homes from $50k
- Strong rents at $800 to $1,100 per month
- Cap rates up to 10%
- Properties well below rebuild costs
TOP NEIGHBORHOODS FOR INVESTING
- Euclid
- Cleveland
- Warrensville Heights
- Garfield Heights
- Cleveland Heights
- Maple Heights
- University Heights
- Bedford Heights
- South Euclid
- Bedford
WHY INVEST IN CLEVELAND
- Right-priced deals where the numbers really make sense
- Above average yields
- Steady cash flow
- Wealth building potential through growing equity
- Sustainability in returns
INTERESTED IN INVESTING IN CLEVELAND?
Get in touch today to find out about current opportunities, and how you can benefit…