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Cleveland outperforms national average Despite the magnitude of the job losses and the contraction in economic activity, the Cleveland multifamily market has been solid. Rent growth has not slipped to negative territory since February 2018. Rents increased by 0.3% on a trailing three-month basis through October, while the national growth rate was flat.
Despite the magnitude of the job losses and the contraction in economic activity, the Cleveland multifamily market has been solid. Rent growth has not slipped to negative territory since February 2018. Rents increased by 0.3% on a trailing three-month basis through October, while the national growth rate was flat.
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