{"id":6611,"date":"2025-10-29T12:03:00","date_gmt":"2025-10-29T12:03:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=6611"},"modified":"2025-11-13T07:26:19","modified_gmt":"2025-11-13T07:26:19","slug":"cleveland-multifamily-market-report","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/cleveland-multifamily-market-report\/","title":{"rendered":"Cleveland\u00a0Multifamily Market Report \u2013 October 2025"},"content":{"rendered":"<h2>Rent Evolution Among Nation\u2019s Best<\/h2>\n<p>Cleveland advertised asking rents increased 0.4% on a trailing three-month basis through August, to $1,243, outpacing the national average, which recorded a more modest 0.1% uptick, to $1,755, according to the latest Yardi Matrix Cleveland multifamily market report. With little supply and stable fundamentals, the market continues to see steady Midwestern growth. Year-over-year, asking rents were up 3.7% as of August, while the national figure was up 0.7%, as per the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>U.S. multifamily market report<\/strong><\/a>.<\/p>\n<p><iframe id=\"datawrapper-chart-3VcXk\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Cleveland vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/3VcXk\/1\/\" height=\"334\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>Cleveland employment improved 0.6% as of June, 20 basis points below the national rate. Education and health services led gains over the 12 months ending in, accounting for 7,300 of the 17,400 net positions added and marking a 2.4% yearly expansion. The area\u2019s unemployment rate stood at 5.2% as of July, according to data from the Bureau of Labor Statistics, above the 4.2% national figure. Plans are underway for a $2.4 billion stadium and a $1 billion mixed-use development in Brook Park, Ohio. The city council has approved the rezoning of 176 acres, with the groundbreaking ceremony scheduled for spring 2026.<\/p>\n<p><iframe id=\"datawrapper-chart-whbws\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Cleveland Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/whbws\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>A total of 905 units, or 0.5% of stock, came online this year through August, 140 basis points behind the national rate of completions. The metro\u2019s five-year average clocked in at 1,960 apartments delivered yearly. Transaction activity remained slow, with just $96.1 million in deals recorded year-to-date through August, marking the slowest pace in Cleveland in a decade.<\/p>\n<p>Read the full Yardi Matrix Cleveland Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/7937-MatrixMultifamilyClevelandReport-October2025\"><strong>October 2025<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rent Evolution Among Nation\u2019s Best Cleveland advertised asking rents increased 0.4% on a trailing three-month basis through August, to $1,243, outpacing the national average, which recorded a more modest 0.1% uptick, to $1,755, according to the latest Yardi Matrix Cleveland multifamily market report. With little supply and stable fundamentals, the market continues to see steady [&hellip;]<\/p>\n","protected":false},"author":753,"featured_media":9597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[106,513],"class_list":["post-6611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-cleveland","tag-multifamily-outlook-2025"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cleveland\u00a0Multifamily Market Report | Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Access the newest Cleveland multifamily market report from Yardi Matrix to delve into the market&#039;s fundamentals and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/cleveland-multifamily-market-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cleveland\u00a0Multifamily Market Report \u2013 October 2025\" \/>\n<meta property=\"og:description\" content=\"Access the newest Cleveland multifamily market report from Yardi Matrix to delve into the market&#039;s fundamentals and more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/cleveland-multifamily-market-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-29T12:03:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-13T07:26:19+00:00\" \/>\n<meta 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