Login

Wave of new apartment units drives vacancy higher in Cleveland

New supply is concentrated in downtown Cleveland and its eastern suburbs
The third phase of Chagrin Riverwalk in Willoughby, Ohio, added 166 units to the Cleveland area this year. (CoStar)
The third phase of Chagrin Riverwalk in Willoughby, Ohio, added 166 units to the Cleveland area this year. (CoStar)
CoStar Analytics
November 15, 2025 | 9:13 P.M.

While developers across the country continue to pull back on apartment construction in response to the elevated vacancy levels and declining rent, the apartment construction pipeline remained quite active in Cleveland, Ohio, with 1,100 units added in the third quarter.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In