Photo: Deemer-DCA-Scooter-WTAM
Michael Deemer, President & CEO from The Downtown Cleveland Alliance spoke to Bill about DCA just published the 2022 Midyear Market Update - How are downtown's market sectors performing so far this year
In the first half of this year, Downtown's recovery has been strong:
- The office market remained steady. Downtown Cleveland led the Cleveland area office market in net absorption and maintained a healthy occupancy rate of over 85%
- Residential occupancy rose to the highest level since 2019, over 91%
- Over $825 million of investment is underway, including major projects like the SW HQ, CrossCountry Mortgage HQ, City Club Apts, and 55 Public Square, among others
- Overall we feel good about our work so far this year to expedite downtown's recovery, and we are seeing the results of our brand campaign playing out.
The Connection is Stronger Downtown campaign has been underway for most of the summer. What upcoming events can residents and visitors take part in over the next few weeks?
Continuing with our 2022 Brand Campaign event Series: The connection is stronger Downtown
- Walnut Wednesday in Perk Park, Music on the Malls- Wednesday Afternoon,
- Creating events, activations and multiple fun things to do on a daily basis
- Part of a strategy to encourage folks to return to Downtown Cleveland for all the cool and amazing experiences that only happen Downtown
Christmas in July In North Coast Harbor
- This Saturday, July 23
- Voinovich Park – 1:00-8:00PM
DCA recently Launched Downtown Dollars
- Downtown Cleveland recently launched CLE Coin- Downtown Dollars
- Downtown Cleveland gift card- to be used at select Downtown Cleveland locations
- Supporting local small businesses- Shop small, shop local
For more information on CLE Coin, events or if you’re interested in relocating or expanding your business into Downtown Cleveland, visit Downtown Cleveland.com