2017 Q3 Office Cleveland Report Colliers

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The Cleveland office market continues its steady recovery, recording a decrease in overall vacancy in excess of three percentage points since peaking at 16 percent in 2011. As manufacturing makes up a decreasing share of the region’s economy, job growth has shifted to healthcare and knowledge-based industries. While total employment in these sectors stands 15.3 percent above the recession low, it is still slightly below the pre-recession peak. But the pace of growth has accelerated over the past year and is projected to increase over the next two years.

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2017 Q3 Office Cleveland Report Colliers

Download Report