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Apartment vacancy dips lower in downtown Cleveland

Decade-low construction expected to result in a plunge in completions over the near term
The former office building at 45 Erieview Plaza was converted into The Bell in 2024, and includes 367 apartments. (CoStar)
The former office building at 45 Erieview Plaza was converted into The Bell in 2024, and includes 367 apartments. (CoStar)
CoStar Analytics
September 19, 2025 | 5:48 P.M.

Downtown Cleveland has long been the fastest-growing area for apartments. The size of downtown Cleveland's apartment inventory expanded 87% over the past 10 years, compared to a 14% expansion for the market overall.

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