Matrix Multifamily Cleveland Report-April 2023

Cleveland Outpaces National Average

As with the nation overall, Cleveland’s rent growth slowed in February, to just 0.1% on a T3 basis. But that compared to a U.S. rate decline of 0.1%. The city's continued growth was driven by the Renter-by-Necessity segment, while Lifestyle rent growth decreased 0.2%.

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