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National Market Report: Cleveland set for a rental boom, tech workers boost demand in Salt Lake City … and more

nuCLEus
nuCLEus

From the October issue: The march back to urban living is reaching the Rust Belt. For the first time in decades, Cleveland is positioned for a residential boom. The push comes amid record-low rental vacancy in northeast Ohio: just 2.9 percent in the second quarter.

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“We have covered Cleveland since 1980, and we have not seen a vacancy rate this low,” Victor Calanog, chief economist for commercial real estate data firm Reis, told the Cleveland Plain Dealer. [more]

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