realestate

Cleveland Sees Significant Surge in Commercial Building Activity in 2024

Cleveland's permit department logs over $2B in new commercial construction for 2024, a near-doubling from 2023.

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leveland's commercial real estate market is experiencing a surge in growth, driven in part by major projects like the Sherwin-Williams headquarters downtown. According to City Hall data, through mid-November, the city's permit-processing department recorded $2.3 billion worth of new construction on commercial projects across the city for 2024. This significant investment suggests that Cleveland is becoming a more attractive destination for businesses and developers.

Cleveland skyline with cranes and construction equipment, commercial building boom underway.