Downtown Cleveland's renaissance story is nothing short of remarkable. A revitalized city center with $1.7 billion invested in development in the past five years, Downtown Cleveland offers world-class entertainment, dining and hotel options combined with choice office and retail space. It's a success story still in progress.

AREA DEMOGRAPHICS:

  • Workers: Downtown Cleveland has the eighth largest downtown labor force in the nation and is the largest employment center in the region with more than 147,500 workers daily. The average weekly office workers retail expenditures in 2004 were $130, reported by ICSC research.
  • Visitors: 15.8 million people visit downtown events and attractions each year.
  • Residents: Downtown Cleveland is the fastest growing neighborhood in the City of Cleveland. Downtown has a young, affluent and growing residential community, totaling over 8,000 people. The average age of residents is 36 with the median annual income nearly $74,000.
  • Housing Units: There are currently 5,100 housing units existing, being planned, or are now under construction, in downtown. There are currently 400 units for sale, and 4,700 more units for rent.
  • Students:In 2003 Cuyahoga County had 35,122 students enrolled in four-year colleges or graduate schools with an additional 25,258 students enrolled in two-year colleges, (Peterson’s). The national average of weekly retail college student expenditures not including board in 2001 was $45, according to the University of Kentucky’s retail market analysis.

ADDITIONAL IN DEPTH REPORTS from REDIS (Regional Economic Development Information System)

AREA ASSETS:

  • Access: All roads lead to downtown Cleveland, including major highways and thoroufares; and public transportation routes for bus, train and rapid transportation. Additionally, Cleveland Hopkins International Airport is just 20 minutes away.
  • Current Retail: Steady growty in retail sales has supported major real estate developments, including the magnificently restored Tower City Center, the galleria, and emergin retil in the arcade restorations, including the Hyatt Regency cleveland at The Arcade and the Colonial Marketplace.
  • Downtown Neighborhoods: Downtown Cleveland is comprised of eight distinctive districts: Civic Center District, Flats District, Historic Gateway District, North Coast district, Quadrangle District, Theater District, Tower City District and Warehouse District.

ATTRACTIONS & HOTELS:

  • 275 nights of first-class theatrical, music and dance productions at Playhouse Square's meticulously restored theaters, annually.
  • 80 Cleveland Indians Major League Baseball games, 41 Cleveland Cavaliers NBA games, and 10 Cleveland Browns NFL games, per year in Downtown Cleveland sporting venues.
  • The Rock and Roll Hall of Fame and Museum, the great Lakes Science Center, Steamship William G. Mather Maritime Museum and the U.S.S. Cod Submarine.
  • 14 downtown hotels with 4,000 downtown hotel rooms.

ASSISTANCE to RETAILERS:

  • Downtown Cleveland Partnership offers predevelopment, marketing and technical assistance to downtown businesses, developers, investors, retailers and tenants.

AVAILABLE RETAIL SPACE:

For Additional Information, Please Contact:
Downtown Cleveland Partnership
825 Terminal Tower,
50 Public Square
Cleveland, Ohio 44113
Phone: (216) 736-7799
Contact: Denise Elliott
E-mail: delliott@dcp825.net
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