Downtown Cleveland to build New Luxury High rises

Here is a story from by Michelle Jarboe McFee, The Plain Dealer

The new 20 story high rises they are adding in downtown Cleveland will be luxury rentals that range in rents from $1200-$5000 a month in today’s market.

“If the building opened today, the developers believe they could rent
units for anywhere from $1,200 to upwards of $5,000 a month. One
University Circle, they say, will be a luxury residential experience,
with concierge services, an outdoor pool on the fifth floor, high-end
finishes and expansive views.”

The downtown area has really come a long way.  If you watched the presidential debates you could see the life in the downtown Cleveland area. Places to eat and have fun at. 

”  Those lofty ambitions, in two growing city neighborhoods and employment
hubs, speak to the strength of Cleveland’s rental market, where
occupancy tops 97 percent and rents are projected to grow 3.3 percent
this year, according to New York research firm Reis, Inc. The vertical push here also reflects a national trend, one that isn’t limited to the biggest and brightest coastal cities.”

The rents are trending up and I know of many areas that need rentals they have none that fit Luxury Clients needs.  The inventory of rentals in great areas is very low that is also represented in the ultra modern downtown Cleveland. With 97% of the rental market occupied and the growing jobs there will be a huge demand for rentals in the Cleveland market.

The key is to get the right ones that will both build your income and get a very good future equity position. Another interesting part of this story and I think is the real strength of this market is still the affordability of it.

“”A lot of folks who have been living on the coast – in Boston, New York
and D.C., as well as on the West Coast, are starting to move back to the
Midwest,” he said during a conversation about high-rises early this
year. “Whether they’re originally from the Midwest or they’re going for
the first time, a lot of the hustle and bustle of the East and West
coasts is driving people not to the suburbs … but back to the Midwest,
where they can afford a house, where the schools are good.”

The high end homes are not what you think in price. Me and my Dad were looking at a property in Rocky River for $2,250,000 just for kicks and could not believe what you got for the price. This of course is not a Luxury Rental we would buy but a great home to look at for ideas.

Click here to view that home   

Call Brett Coldwell Banker 216-703-5740 to get into Cleveland exciting real estate market! 

I need your FREE informational Packet

We will also send you a free information Packet!
We respect your email privacy

Email Marketing by AWeber

About by56083 10 Articles
The founder of Rooftop Profit Max, Brett Young, has been a licensed Realtor and investor for 26 years. He has bought and sold 750 homes, 250 of them for client investors like you. His success is due to several factors: he carefully researches before buying investment property to ensure its profitability; he knows how to rehab homes so their value increases dramatically; and he arranges intelligent financing to make it all happen. In this way, Brett has generated over $6.7 million in profits directly from real estate investing. Brett ensures his investors make money too by personally handling every transaction from start to finish and by promoting only the properties he himself would invest in


  1. Hello my name is Nadine and I just wanted to drop you a quick note here instead of calling you. I discovered your Downtown Cleveland to build New Luxury High rises website and noticed you could have a lot more visitors. I have found that the key to running a successful website is making sure the visitors you are getting are interested in your subject matter. There is a company that you can get keyword targeted visitors from and they let you try their service for free for 7 days. I managed to get over 300 targeted visitors to day to my site.

  2. I was just looking at your Downtown Cleveland to build New Luxury High rises site and see that your website has the potential to get a lot of visitors. I just want to tell you, In case you didn’t already know… There is a website network which already has more than 16 million users, and the majority of the users are interested in websites like yours. By getting your website on this network you have a chance to get your site more visitors than you can imagine. It is free to sign up and you can find out more about it here: – Now, let me ask you… Do you need your website to be successful to maintain your business? Do you need targeted traffic who are interested in the services and products you offer? Are looking for exposure, to increase sales, and to quickly develop awareness for your website? If your answer is YES, you can achieve these things only if you get your site on the service I am talking about. This traffic service advertises you to thousands, while also giving you a chance to test the network before paying anything. All the popular blogs are using this network to boost their traffic and ad revenue! Why aren’t you? And what is better than traffic? It’s recurring traffic! That’s how running a successful website works… Here’s to your success! Read more here:

Leave a Reply

Your email address will not be published.