Downtown Cleveland Alliance Update With CEO Michael Deemer - 10-29-21


Michael Deemer, President & CEO from The Downtown Cleveland Alliance spoke to Bill about This week Downtown Cleveland hosts the Rock and Roll Hall of Fame Induction Ceremony. Recovery Report highlights

Yes, there are a few things coming up that celebrate our Rock and Roll roots. 
  • Rock and Roll Hall of Fame Induction- Saturday October 30th at Rocket Mortgage FieldHouse
  • Welcome Back to Downtown campaign began in June and continues up to and through Winterfest onto 2022 leading up to the NBA All-Star.
  • First time at Rocket Mortgage Fieldhouse
  • Anticipating an economic impact of about $40 million
We know large events like the Rock Hall induction ceremony help Downtown Cleveland’s recovery. How is DCA working to track progress? 
Last week, DCA released its inaugural Recovery Report, a monthly, data-driven look at Downtown Cleveland’s resurgence. 
Recovery Report highlights include:
  • Foot Traffic -99.2% increase in September 2021 compared to the previous year 
  • 26 permanent closures, 35 new shops and restaurants have opened Downtown for a net gain of 9 new businesses.   
  • Return to Office: according to a DCA survey, 90% of Downtown Cleveland employers have returned to the office, either full-time or a hybrid model. 
  • Unemployment in Cuyahoga County dropped to 5.8% (after peaking in April 2020 at 22.4%)
  • To-date in 2021, more than 63% of sublease space added during the pandemic has been leased. 
  • Hospitality and events: Downtown hotel occupancy increased by 23% from 2020, and as of September 2021, Downtown Cleveland showed a 45% improvement in weekly visits compared to September 2020
While Downtown Cleveland remains in recovery mode, it's important for us to track the status of our progress. You can view the report for yourself at Downtowncleveland.com, under the research and reports tab. 
For more information or if you’re considering relocating or expanding your business into Downtown Cleveland visit Downtown Cleveland.com 

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