Cleveland, OH
Cleveland has Ohio’s highest apartment rents – NEOtrans
The Collins Apartments on Carter Road is one of two major developments to open in the past year on Scranton Peninsula in Cleveland’s Flats. But it wasn’t enough to meet Greater Cleveland’s demand for more multifamily units (NEOtrans). CLICK IMAGES TO ENLARGE THEM.
Multifamily construction not meeting demand
A new report released today by international real estate firm Colliers shows that multifamily development in Greater Cleveland isn’t keeping up with demand. The result is that average rents in the Cleveland area are now the highest of any metro area in the state.
Colliers said that 1,601 apartments are typically built each year in Greater Cleveland to meet an average annual demand of about 1,976 multifamily housing units — the second-highest demand in the state behind Columbus’ 7,156 units.
But while metro Columbus had 9,123 apartments under construction in the first quarter of 2026, metro Cleveland had only 1,203 apartments being built in that same three-month period.
By comparison, Greater Cincinnati has a typical annual demand for 1,121 units of multifamily housing which is met by an annual average of 1,944 units. But in the first quarter of 2026, Cincinnati had 3,575 apartments under construction.
That translated into an average rent per square foot in January-March 2026 of $1.60 in Greater Cleveland, $1.58 in Cincinnati and $1.47 in Columbus.
More apartment construction is needed in Greater Cleveland to keep up with demand. Without it, the metro area will continue to have the highest rents per square foot in the state (NEOtrans).
The typical size of an apartment in Cincinnati is slightly larger than those in Cleveland, so the average monthly rent for an apartment in Cincinnati is the highest at $1,511. Cleveland is next at $1,419 and Columbus third at $1,405.
“The development pipeline (in Cleveland) continues to shrink, with units under construction falling to about 1,203 from 1,461 last quarter and 3,672 one year ago,” Collier said in its report.
“That drop in future supply is one of the most important trends in the market right now, because it should help Cleveland maintain healthy occupancy and support rent growth as 2026 moves forward,” the report explained, noting that higher rents will attract new construction.
“That is a strong signal for the market, especially after several years of elevated deliveries,” the report noted. “Over the last five years, Cleveland has generally operated in the mid-95 percent occupancy range, and current performance remains in line with that trend.”
The other big development on Cleveland’s Scranton Peninsula is Triton at The Flats, opening after The Collins across the street (NEOtrans).
In part, Colliers used data generated by Real Capital Analytics, a data model managed by MSCI Inc., a finance, equity and real estate analysis company headquartered in New York City.
“Cleveland’s multifamily market remained healthy in Q1 2026, with inventory rising to approximately 178,925 units and occupancy holding at 95.8 percent,” Colliers said in its report.
The report noted that while construction locally has dropped below demand, vacant units are filling the gap. Yet Cleveland had fewer vacant units than Ohio’s other two big C’s.
“Vacant units totaled about 7,533, down from roughly 7,719 last quarter,” Colliers said of Cleveland’s apartment market. “Demand continued to absorb most of the new supply, keeping overall fundamentals stable.”
Not all new multifamily inventory comes from new construction. In Downtown Cleveland, most of it comes from converting older, obsolete office buildings into housing plus other uses like hotel and retail, as seen here with Project Scarlet’s remake of the Rose Building at East 9th Street and Prospect Avenue (NEOtrans).
Greater Columbus may have Ohio’s largest multifamily inventory at 218,113 apartments, it also has the most vacant units at 10,382. Greater Cincinnati’s inventory had 173,050 apartments with 7,562 of them vacant in the Q1 2026.
“Market conditions also improved from a year ago,” Colliers said. “Occupancy increased from 94.5 percent in Q1 2024 to 95.8 percent in Q1 2026, showing that Cleveland has been able to work through added inventory without a meaningful drop in performance.”
Leasing conditions are still competitive in the Cleveland market and the market remains on solid footing. Colliers said newer projects are creating pressure in certain pockets, especially where owners are competing for renters more aggressively, but the broader market continues to benefit from steady demand and a stable base of occupied units.
“In simple terms, Cleveland is not overheating, but it is also not slipping,” the report summarized. “It is holding up well.”
END
Bryan Armetta offers up a preview, prediction and pick for Tuesday’s MLB game between the New York Yankees and Cleveland Guardians.
It took ten innings, but the Yankees (39-26) eked out a 7-5 win on Tuesday. New York is in a dead heat with the rival Rays for first place in the AL East. As for the Guardians (37-31), winning the lackluster AL Central isn’t their biggest challenge. Cleveland is hoping to prove it can take down the Junior Circuit’s best squads. A victory tonight over the hated Pinstripes would go a long way tonight.
The Yankees are favorites (-123) over the Guardians, with the over/under set at 8.5 runs. Below, I’ve laid out my preview, prediction, and best bet for Tuesday’s showdown between New York and Cleveland on DraftKings Sportsbook.
Yankees vs. Guardians pick, best bet
- Yankees vs. Guardians under 8.5 runs (-103): Cole is too good of a pitcher to get beat by the same squad twice in one week. It’s not as if Cleveland’s bats come into this one on a hot streak either. As for Cecconi, continued use of the curveball will be key this evening. He’s already shown an ability to keep New York’s potent lineup in check.
Yankees vs. Guardians prediction, preview
New York was dealt a significant blow last week with the loss of Aaron Judge (ribs). Fortunately, there’s more than enough offensive firepower on this squad going forward. The duo of Ben Rice (184 wRC+) and Cody Bellinger (138 wRC+) have been terrific this season for the Bronx Bombers. As a unit, the Yankees are averaging an American League-best 5.09 runs per game. To boot, they lead all of baseball with 95 home runs. No matter how you slice it, this team can swing the bat with the best of them.
That makes this a tricky spot for Slade Cecconi this evening. The right-hander has produced a mediocre 4.92 ERA, 1.43 WHIP and 54 strikeouts (7.2 K/9). With that being said, the 27-year-old is fresh off of a six-inning, one-run outing against New York. The outing saw Cecconi mix in more curveball usage, arguably his most effective pitch. Over his last five starts, the right-hander has accounted for a 3.04 ERA. Yankees batters are slashing .167/.211/.328 against the curveball this season. Cecconi excels at limiting free passes (2.8 BB/9). New York’s offense works 4.26 walks per game, third-most in the majors.
On the other side, it’ll be Gerrit Cole toeing the slab. Over three starts this season, the former Cy Young winner owns a 2.00 ERA, 0.89 WHIP and 14 strikeouts (7.0 K/9). He gave up four earned runs over 5.1 innings last week vs. Cleveland. Still, there’s a decent chance the six-time All-Star enjoys more success tonight. The Guardians own a .678 OPS against right-handed pitching, fifth-worst in the league. In his last six meetings with Cleveland, postseason included, Cole has a 3.03 ERA.
The newest weapon in Cole’s arsenal is a changeup, which he’s thrown 16% of the time. Other off-speed weapons include the slider (16%) and curveball (12%). Against those three offerings, the Guardians own a .197 batting average, .267 on-base percentage and .267 wOBA. The team has also scored 37 runs over their previous ten contests, fifth-fewest in baseball during that stretch. Cleveland is averaging 4.03 runs per game at home, seventh-worst in the league this season.
Best Bet: Yankees vs. Guardians under 8.5 runs (-103)
Last week aside, Cole has been terrific this season. I’d expect New York’s ace to bounce back against a subpar Cleveland lineup. As for the Guardians, Cecconi is finally starting to get comfortable on the mound. Facing a Yankees lineup without Judge should lead to another decent performance on Tuesday. At 8.5 runs, this total feels a bit too high.
More MLB Content & Betting Picks
CLEVELAND, Ohio (WOIO) – A teen was shot in Brook Park around 1:00 P.M. Monday, according to police.
Brook Park officers were sent to a residence in the 5200 block of Smith Road for a report of a male shot.
Officers found the teen shot outside the residence and immediately started first aid.
Brook Park EMS took the victim to MetroHealth Hospital, where he is in stable condition.
Officers identified two suspects, quickly found and arrested them in downtown
Police said this was an isolated incident and there is no threat to the community.
Information about the suspects and charges will be released when it becomes available.
Copyright 2026 WOIO. All rights reserved.
CLEVELAND (WJW) –Crowds lined up for a spot to see a piece of history rolling through Northeast Ohio Monday.
The historic 1.2 million-pound Big Boy No. 4014 steam locomotive is on the eastern leg of its nationwide tour and will pass through a number of Ohio cities this summer.
Local crowds cheered the train’s arrival Monday in Lorain.
Full Ohio schedule:
MONDAY, JUNE 8
- Lorain | June 8: 11:15 a.m. – 11:30 a.m. | Near W. 11th St. and Reid Avenue in the area of the Lorain Historical Society – Carnegie Center
- Euclid | June 8: 1:30 p.m. – 2 p.m. | Chardon Road Crossing, north of Euclid Avenue
STOPS IN JULY
- Struthers | July 12: 11:30 a.m. – 12 p.m. | South Bridge Street Crossing
- Rocky River | July 13: 1 p.m. – 1:30 p.m. | 19060 Depot Street
- Continental | July 15: 11:30 a.m. – 12 p.m. | Near Oak Street and Main Street
The 133-foot-long locomotive is the only Big Boy to still travel the tracks and is one of just a handful of remaining Big Boy engines that were built to haul heavy equipment during World War II.
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FOSTORIA, OH – JUNE 06: The Union Pacific 4014 Big Boy locomotive passes by the crowd during the Union Pacific Railroad Coast to Coast Tour on June 5, 2026, at Fostoria Iron Triangle Railpark in Fostoria, Ohio. The Coast to Coast Tour is part of the celebration for America’s 250th anniversary. (Photo by Joseph Weiser/Icon Sportswire) -
FOSTORIA, OH – JUNE 06: The Union Pacific 4014 Big Boy locomotive crew waves to the crowd during the Union Pacific Railroad Coast to Coast Tour on June 5, 2026, at Fostoria Iron Triangle Railpark in Fostoria, Ohio. The Coast to Coast Tour is part of the celebration for America’s 250th anniversary. (Photo by Joseph Weiser/Icon Sportswire) -
FOSTORIA, OH – JUNE 06: The crowd waves as the Union Pacific 4014 Big Boy locomotive passes by with the Norfolk Southern Liberty Bell 250th celebration 1776 locomotive during the Union Pacific Railroad Coast to Coast Tour on June 5, 2026, at Fostoria Iron Triangle Railpark in Fostoria, Ohio. The Coast to Coast Tour is part of the celebration for America’s 250th anniversary. (Photo by Joseph Weiser/Icon Sportswire) -
FOSTORIA, OH – JUNE 06: The crowd waves as the Union Pacific 4014 Big Boy locomotive passes by during the Union Pacific Railroad Coast to Coast Tour on June 5, 2026, at Fostoria Iron Triangle Railpark in Fostoria, Ohio. The Coast to Coast Tour is part of the celebration for America’s 250th anniversary. (Photo by Joseph Weiser/Icon Sportswire)
“No. 4014 was retired in Dec. 1961 after traveling 1,031,205 miles. Union Pacific reacquired it from the RailGiants Train Museum in Pomona, California, in 2013 and relocated it back to Cheyenne, Wyoming, for a multi-year restoration. It returned to service in May 2019 to celebrate the 150th Anniversary of the Transcontinental Railroad’s Completion,” according to Union Pacific.
If you’re gathering to catch a glimpse of the storied locomotive, Union Pacific asks that you stay at least 25 feet away from the railroad tracks as it passes through.
You can track its path and see a full schedule of stops HERE.
If you don’t get a chance to see No. 4014 as it passes through Ohio, you can find its seven brothers on public display in St. Louis; Dallas; Omaha, Nebraska; Denver; Scranton, Pennsylvania; Green Bay; and Cheyenne.
Of the 25 Big Boy locomotives that were commissioned exclusively for Union Pacific Railroad, only these eight remain.
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