2025 Midyear Market Brief
Downtown Cleveland
2025 at a Glance
(January-June 2025)
1.1K Daily Ambassador Interactions
77% of Businesses are In Office 3+ Days/Week†
21,000+ Downtown Residents
4.5 Million Out-of-Market Visits*
32 RAD Smart Cameras Downtown
86.6% Overall Office Occupancy
*Out-of-market visitors are visits counted by those who do not live or work within the market.
†Findings from the Downtown Cleveland + GCP’s return to office survey.
Development
$4 Billion Underway + Planned Development
$473.5 Million in Projects YTD 2025
Significant progress has been made in 2025 on the Cleveland Clinic/Cavaliers/Bedrock Global Peak Performance Center in the Flats.
Retail
12 New Storefront Openings
82% Storefront Occupancy Rate in Key Retail Corridors
Hospitality
54.6% Peak Hotel Occupancy (through May YTD)
Strong occupancy rates supported by events and conferences such as the Cleveland Marathon, the NACM (National Association of Credit Management) convention, AP Reading Event, and the AC/DC concert
Transit
12 Million RTA Passengers YTD
1.9 Million Airport Passengers YTD
Office
6.6 Million Employee Visits (Jan-June)
Only 9% of businesses are fully remote*
Housing
85% Apartment Occupancy
2 New Buildings: Ten60 Bolivar and Bulkley Residences
268 New Units
*Findings from the Downtown Cleveland + GCP’s return to office survey.
Clean + Safe
*Equal to filling Progressive Field ‘s playing surface 10 times!
