Cleveland adds fewest #apartments among major metros neo-trans.blog/2023/03/16/cle… @IPA_USA @MMREIS @CityofCleveland @MayorBibb @Griff4CLE6 @HBAofCleveland @GCPartnership @Baiju_R_Shah @ShakerOnline @LakewoodOhio @OhioParma @cityofeuclid @CuyahogaCounty @NOhioNAIOP @ClevelandULI
@NeotransB @IPA_USA @MMREIS @CityofCleveland @MayorBibb @Griff4CLE6 @HBAofCleveland @GCPartnership @Baiju_R_Shah @ShakerOnline @LakewoodOhio @OhioParma @cityofeuclid @CuyahogaCounty @NOhioNAIOP @ClevelandULI Keeping my rent right where it needs to be
@thereal_willsav @NeotransB @IPA_USA @MMREIS @CityofCleveland @MayorBibb @Griff4CLE6 @HBAofCleveland @GCPartnership @Baiju_R_Shah @ShakerOnline @LakewoodOhio @OhioParma @cityofeuclid @CuyahogaCounty @NOhioNAIOP @ClevelandULI No bud. More supply would theoretically lower your rent.
@TheBigCatfish @NeotransB @IPA_USA @MMREIS @CityofCleveland @MayorBibb @Griff4CLE6 @HBAofCleveland @GCPartnership @Baiju_R_Shah @ShakerOnline @LakewoodOhio @OhioParma @cityofeuclid @CuyahogaCounty @NOhioNAIOP @ClevelandULI So developers start building luxury high rises around your apartment… What happens to your rent?
@thereal_willsav @TheBigCatfish @IPA_USA @MMREIS @CityofCleveland @MayorBibb @Griff4CLE6 @HBAofCleveland @GCPartnership @Baiju_R_Shah @ShakerOnline @LakewoodOhio @OhioParma @cityofeuclid @CuyahogaCounty @NOhioNAIOP @ClevelandULI It goes up, perhaps even as high as the national average. More residents mean more jobs and more income tax revenues for a city (like all cities) whose downtowns are in a transition from vertical office parks to mixed-use neighborhoods.
@NeotransB @thereal_willsav @IPA_USA @MMREIS @CityofCleveland @MayorBibb @Griff4CLE6 @HBAofCleveland @GCPartnership @Baiju_R_Shah @ShakerOnline @LakewoodOhio @OhioParma @cityofeuclid @CuyahogaCounty @NOhioNAIOP @ClevelandULI Possibly but if more supply comes without the population and job growth to support it - which is happening in many places around the country like cleveland, the opposite is true.