Apartment construction in Cleveland lags in 2021, though analysts predict big numbers next year

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Still, the number of apartments built in Cleveland’s downtown region “were near record levels over the last couple of years,' according to a real estate analytics service.

Cleveland skyline, as seen from the west at the bluff in Edgewater ParkCLEVELAND, Ohio — Despite cranes in many parts of the Cleveland area, the number of apartments added to the area in 2021 was relatively low compared to recent years.

Developers and those who follow the local real estate industry said next year should more than make up for any deficit, through either additional new or renovated buildings. Note to readers: if you purchase something through one of our affiliate links we may earn a commission.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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Number of residents going down, but we keep building new apartments. Why?

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