Matrix Multifamily Cleveland Report-Spring 2021 April 22, 2021

Northeast Ohio’s resilience

Cleveland’s multifamily market has been durable despite economic volatility. Since the onset of the pandemic, rent growth has not slipped into negative territory. On a trailing three-month basis through February, rents rose 0.2% to $980, while the U.S. figure contracted by 0.1% to $1,399.