Downtown Cleveland

2025 Annual Report

This year, we unveiled the Greater Downtown Vision, a bold roadmap for confronting challenges and accelerating growth in Cleveland’s urban core over the next decade. The Greater Downtown Vision is rooted in the formula: 

Safety + Activation + Connectivity = Growth

This annual report shares statistics in each of these pillars, as we move toward a growing, more resilient downtown.

Annual Data Snapshot

Foot Traffic + Population

Out-of-Market Visitors: 7.8M 

Non-Resident Visits: 37.8M 

Inbound Commuters: 95.3K (work downtown, live outside)

Residents: 21,000

Office Data

Average Occupancy: 

Overall: 80.2%

Class A: 80.2%

Class B: 80.1%

Avg. Rent Office Space: 

Overall: $20.84 psf 

Class A: $24.29 psf

Class B: $18.34 psf 

Significant Leases Signed in 2025:

Jones Day (30,622 SF) renewed - 1001 Lakeside Avenue

Roetzel and Andress LPA (19,855 SF) - 1375 E. 9th St. 

SmarterX (11,600 SF) expanded 5,800 SF - 812 Huron Rd

Development

$4.9B Underway + Planned In Development: 

  • 700 Prospect

  • The Rose Building

  • Globe Iron

  • Flour Mill project

  • Rock Hall Expansion

Residential

Apartment Occupancy: 86% 

Hospitality

Avg. Hotel Occupancy Rate: 62.8%

Avg. Daily Rate: $187.19

Avg. Revenue Per Available Room: $116.97

Public Realm

  • Over $100K Awarded for Planting Trees

  • 28 Trees Planted in 2025

Retail

20 New Store Openings:

An Activated Downtown is a Magnetic Downtown

  • 335 Activations in 2025

  • Estimated 67.2K Attendees

  • 24.4K WinterLand Attendees

An Safe Downtown is a Strong Downtown

  • 85 Housed in the Home for Every Neighbor Program for a Total of 188 Individuals Housed

  • 759K+ Pounds of Trash Collected

  • 13,232  Security Checks

  • 3,120 Graffiti Tags Removed

  • 417 Safety Escorts

  • 250 Planters Maintained

  • 28 Smart Security Cameras Added

An Connected Downtown is a Thriving Downtown

20.6M RTA Rides

4.2M Airport Passengers*

*Through October 2025