NewsLocal NewsCleveland Metro

Actions

REPORT: Downtown Cleveland in need of more housing

Posted: 6:56 PM, Sep 26, 2018
Updated: 2018-09-26 22:57:27Z

Downtown Cleveland is the fastest growing city neighborhood and shows no sign of slowing down anytime soon, according to a report released Wednesday afternoon by Urban Partners.

The report states developers could build and expect to fill 6,800 more residences in downtown Cleveland by 2030 and still not over saturate the housing market in the city. 

"Really, what the report is telling us is that we're just scratching the surface on how far we can grow the downtown population," said Michael Deemer, executive vice president of business development at the Downtown Cleveland Alliance.

The number of housing units breaks down to 6,000 additional rental units and 800 condos and townhomes to own.

"Homeownership typically follows the apartment markets. It's pretty normal for the apartments to come first," Deemer said.

Amanda Hale is one of the 17,000 people who live in downtown Cleveland and loves it. "Downtown Cleveland has everything that I am looking for," said Hale.

By the year 2030 the goal is to nearly double the number of people calling downtown home. 

Deemer also said there will be a push to get those who work downtown to live downtown. Right now, he said, only about two percent of downtown workers call downtown home.