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
CLEVELAND, Ohio (WOIO) – A woman was found dead in the backyard of a home on the city’s West side Friday morning.
Officers responded to the 3400 block of Bosworth Rd. around 9 a.m. for a welfare check.
This is in the city’s West Boulevard neighborhood.
When officers arrived at the home, they found the victim.
The Cuyahoga County Medical Examiner’s Officer will now determine the victim’s name and cause of death.
A child connected to the woman has been located and confirmed safe, said Cleveland police.
Police added the circumstances regarding the death remain under investigation.
Copyright 2026 WOIO. All rights reserved.
This forecast is outdated and inaccurate. Get the latest forecast here.
CLEVELAND (WJW) — (WJW) — The National Weather Service has extended its EXTREME HEAT WARNING for all of Northeast Ohio.
It will remain in effect until 8 p.m. on Friday, July 3, in Ashland, Ashtabula, Crawford, Cuyahoga, Erie, Geauga, Holmes, Huron, Lake, Lorain, Mahoning Medina, Ottawa, Portage, Richland, Sandusky, Stark, Summit, Trumbull and Wayne counties; and until 10 p.m. Friday, July 3, in Carroll, Coshocton and Tuscarawas counties.
The heat waves continues! An EXTREME HEAT WARNING will remain in effect through 8 p.m. Friday. Heat indices could top 105 degrees during the hottest time of day on Friday.
Once again, there will not be much relief from the heat and humidity overnight. Tonight lows will be in the mid to upper 70s again. Feeling warmer with the higher humidity. Mostly clear skies.
Friday will be the last sweltering summer day before the heat starts to back off for the Fourth of July holiday weekend. There is the chance of rain and storms Friday evening, around 7pm that could go through the late evening. This may impact some 4th of July celebrations on Friday. Any storm that pops up we’ll have to watch for the potential of gusty winds, heavy downpours and large hail.
This is what the radar could look like by the time some Fireworks celebrations are expected Friday evening. We have a level 2 out of 5 chance of any storm turning severe, meaning that 1 or 2 have the chance.
The upper-level ridge, or heat dome, will start to breakdown on Friday. This means two things. The first is it will go from being very hot and humid to being very warm and humid. The second thing is the chance of rain and threat of storms will return.
The Fourth of July holiday weekend will be far from a washout! There will be more dry time than time with downpours and storms. However, clusters of downpours and storms will move through Northeast Ohio at times. This means some Fourth of July events, backyard BBQs, pool parties, and firework shows could be impacted by rain and storms.
With all the heat and humidity around, any downpours or storms that develop could be strong and produce gusty winds, small hail, torrential rain, and lightning. Here’s the latest 8 Day Forecast:
Keep up with FOX 8 News for the latest weather updates.
Abdullah Mason and Albert Bell previewed their championship bout and came face to face at the press conference. The two fighters square off this Saturday, July 4, at Cleveland State University’s Wolstein Center.
- Cleveland-based 22-year-old southpaw Mason (20-0, 17 KOs) of Bedford, Ohio, defends his WBO lightweight title after claiming the vacant belt last November by decision against Sam Noakes.
- Toledo’s 33-year-old Bell (28-0, 9 KOs), who makes his first bid to become a champion, took the fight on short notice, replacing Joe Cordina of Wales.
See below what Mason and Bell had to say at the press conference on Thursday, following the open workout.
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Mason: I’m prepared to come out on top
“I’m excited. I’m super excited,” Mason said. “This is something me and my brothers have been looking forward to doing since we were amateurs. We fought on the same card a few times as amateurs, and all of us did it together on the last show my father threw here in Cleveland. It was huge.”
“At that time, we were like, ‘Yo, when we do this on a professional level, it’s going to be big for Cleveland.’ And now, it’s big for not only Cleveland, but it’s on TNT, so this is a national stage, a world stage with DAZN. I’m just excited to be able to put this show on with two of my brothers on the card.”
“I feel like it [fight vs Sam Noakes] was definitely a much-needed experience. That’s not the type of fight you have all the time in your career. It was something I felt like I had to do that night. Every fight is different, and it definitely gave me some insight into how I’ll approach the rest of my career. So, it was a much-needed experience and a great fight.”
“It [opponent change] was definitely unexpected. Albert Bell – that’s our guy from Toledo. But it’s boxing. You’ve got to be prepared for anything, and I’m prepared to come out on top. Everything happens for a reason.”
“One thing I do want to say is, I’m the youngest world champion in boxing for a reason, and I’m prepared to show that when I step into the ring.”
“Boxing is offense, defense and IQ, and you’ve got to put it together and tailor it to the person you’re stepping in the ring with. So, with the opponent switch, I just have to tailor it to the person across the ring from me, and that’s Albert Bell.”
Bell: We’re here now, and that’s all that matters
“I mean, it caught me by surprise,” Bell said on stepping in to face Mason on short notice. “It was an ideal opponent for me. I wasn’t really thinking about fighting Abdullah, especially not this soon. But everything made sense. I talked to my pops about it, and it made sense, so I stepped in to save the card, get my world title opportunity and put on a show for all of Ohio.”
“I mean, I get turned down by a lot of guys. I’m not saying that in a cocky way or trying to act like I’m the boogeyman or anything like that, but a lot of guys say no when my name comes across their table. I would’ve had the name I was supposed to have by now if it weren’t for that, but what’s delayed is not denied. We’re here now, and that’s all that matters.”
“I just need to be the best version of myself. I know he’s coming to be the best version of himself. He’s prepared, I’m prepared. We’re ready. We’re two top fighters, and we’re professionals. We’re both Ohioans. We’ve got history with each other, and it’s gonna be a show for sure.”
Mason vs Bell undercard
In the co-feature, Bruce Carrington (17-0, 10 KOs) of Brooklyn makes the first defense of his WBC featherweight title against Rene Palacios (19-0-1, 10 KOs) of Mexico.
On the undercard, Cleveland’s Delante “Tiger” Johnson (17-0, 8 KOs) takes on Canada-based Mexican Christopher Guerrero (16-0, 9 KOs) at welterweight.
Plus, Deric Davis (11-0, 10 KOs) of Fort Washington, Maryland, and Carlos Ramos (18-4-1, 10 KOs) of Spain by way of Ecuador, square off at lightweight.
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