Cleveland, Ohio is one of the most overlooked cities in the US when it comes to property investment. However, this is slowly but surely changing and those investors that are savvy enough to get in now stand to make not only great returns by way of rental income but also in capital growth as the city continues to develop and become more and more popular.
Millenials (typically aged 18-34) are having the greatest impact in making Cleveland one of the hottest cities right now. They are actively driving business and commerce forward with Tech and Medical Science & Research being two of the biggest industries in the Cleveland with some media reporting that it is now attracting both organisations and individuals from Silicon Valley and Wall Street!
Forbes say – Cleveland’s rebirth has been happening at street level for years. This gritty, “underdog” city is now home to six James Beard award-winning chef-inspired restaurants, a thriving bar, arts, and music scene, and biomedical and “smart” manufacturing start-ups that are quickly luring America’s youngest and brightest away from Boston, Austin, and Silicon Valley. All of which makes every Saturday night along East Fourth Street just north of Quicken Loans arena look more like SoHo or South Beach than the “Rust Belt” strip one might conjure up in their mind when someone says “Cleveland”. So just who sprinkled the fairy dust on Cleveland this year?
The article below from businessinsider.com in our opinion, supports the record number of enquiries and sales we are achieving from those investors around the world that no a good thing when they see it!
If you would like more information or have questions about how you too can take advantage of the great real estate opportunities in Cleveland and start benefitting from owning high yielding, fully managed, income generating property, please get in touch.