Retail vacancies and homeownership rates remain challenges, but foot traffic was up and development projects continue
Downtown gained 45 new retail businesses in 2022, DCA's year-in-review report found. But others were vacated
"The persistence of remote work, perceptions of public safety and aging public infrastructure contribute to this environment," the report reads."But in the face of these headwinds, Downtown Cleveland has remained resilient." Though DCA gloats that Downtown Cleveland saw the"largest net absorption of Class A office space"—typically the top-shelf, high-priced spots—the Wall Street Journal reports that, as in New York and Detroit, like its lower-cost competitors.
While Downtown's population leapt up to 20,750—with just 114 rental units added, namely 75 Public Square, compared to 1,000 units added in 2020—the home ownership realm was a little bit more murky. Though there were 112 sales last year, Downtown has the lowest homeowner rate compared to 11 peer cities, such as Detroit and Philadelphia.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Man to Stand Trial in Deadly 2022 Attack of Nurse, 70, at Downtown LA Bus StopA man accused of fatally hitting a 70-year-old nurse in the head in an unprovoked attack at a Downtown LA bus stop in 2022 was ordered Tuesday to stand trial on murder and assault charges.
Consulte Mais informação »
Cleveland Metroparks kicks off 5k season with 4 new racesCleveland Metroparks announced Wednesday that the Cleveland Metroparks Race Series is returning, presented by CrossCountry Mortgage.
Consulte Mais informação »
“March for Queer & Trans Youth Autonomy” Will Take Place in 7 Ohio Cities on Friday, March 31March for Queer and Trans Youth Autonomy will take place in seven Ohio cities, including Cleveland, Lakewood and Cleveland Heights, on Friday
Consulte Mais informação »
Grand jury indicts Garfield Heights murder suspectGarfield Heights police said Travis Hicks murdered Ronnie Briggs, 27, of Cleveland, on Sept. 25, 2022.
Consulte Mais informação »
GDP grew at 2.6% rate in fourth quarter of 2022 despite pressure from rising ratesThe economy grew at a 2.6% annual rate in the fourth quarter of last year, showing strength in the face of economic challenges, the Bureau of Economic Analysis reported Thursday in a revised estimate.
Consulte Mais informação »
The Little-Known Origin Story behind the 2022 Nobel Prize in PhysicsIn 1949 physicist Chien-Shiung Wu devised an experiment that documented evidence of entanglement. Her findings have been hidden in plain sight for more than 70 years. WomensHistoryMonth
Consulte Mais informação »