Cleveland & Akron News Releases:

  • June 24, 2016 - LeBron James launching new reality tv show "Cleveland Hustles" on CNBC to shine light on local entrepreneurs. (Click here)
  • February 19, 2016 - Read how Ohio getting millions more from the Government to fight foreclosures will help improve home values!  (Click here)
  • August 26, 2015 - "How Wall Street is Losing Talent to Cleveland"  writes Bloomberg News.  (Click here)
  • March 21, 2015 - "Cleveland rocks!  City makes a comeback" says the respected Boston Globe.  (Click here)
  • March 13, 2015 - CNN Money notes Cleveland's skyrocketing rental amounts:  Homes will be rented out for more than   10 times the normal amount. (Click here)
  • January 15, 2015 - National unemployment rate: 5.7%  Ohio unemployment rate: 4.8%
  • January 14, 2015 - Trulia's Chief Economist updates his quarterly report of the most undervalued markets in the country :  Cleveland #1, Akron #2! (Click Here)
  • November 13, 2014 - Cleveland is rated #1 "Cheapest City for Family Homes in America" according to Coldwell Banker's annual Home Listing Report (Click here)
  • October 1, 2014 - Trulia's Chief Economist ranks Cleveland #2 most undervalued market in the country (Click here)
  • October 1, 2014 - Trulia's Chief Economist ranks Akron #4 most undervalued market in the country (Click here)
  • September, 29 2014 - "Wall Street Cheat Sheet" ranks Cleveland #2 housing market in America for home buyers (Click here)
  • May 17, 2014 - Trulia.com ranks Akron as the #1 most affordable city for home buying in the USA!  (Click here)
  • July 14, 2014 - The most powerful and economically influential superstar athlete in the U.S. is returning to Northeast Ohio!   In addition, the Republican National Convention recently named Cleveland as their headquarters for the 2016 U.S. Presidential Election.  (Click here) and (here) to read more!
  • August 29, 2014 - "Just in time for Lebron - Downtown Cleveland stages a comeback!"  (Click here)
  • February 27, 2012 - Warren Buffet advised investors to load up on single family homes and use leverage when possible. (Click here)

2014 & Beyond: Economic Growth Impacts Planned for Cleveland and Akron:

  • Lebron James returning to Cleveland, OH: expected economic impact of $500 Million annually!  (Click here)
  • 2016 Republican National Convention Headquartered in Cleveland ($250 Million lump sum!)
  • University Hospitals Case Medical Center renovation project (worth $560 million)
  • New convention center & medical mart project ($465 million)
  • Ohio Government: Spending on incentives to shift its 6,200-employee HQs base from Chicago to Cleveland ($400 million)
  • InvestOhio: a $100 million tax credit program for SMEs, launched by Ohio Department of Development 
  • Ford’s Cleveland plant to get $128 million worth investments
  •  Public Square casino project ($350 million)
  • Northeast Ohio’s Cleveland Clinic and University Hospitals are included in U.S. News & World Report’s annual ranking of the nation’s best hospitals

 

 

 We invite you to view videos of Cleveland and Akron, Ohio below:

 

 


Business

  • The GOP (Republican National Convention) just named Cleveland as their Headquarters for the 2016 U.S. Presidential Election.  This states that they deem Cleveland and Ohio as the most important geopolitical area in all of the U.S. for the Presidential Elections! 
  • Intel Corp. has named Northeast Ohio as one of the 3 top Digital Communities in the U.S.
  • Northeast Ohio is one of the hottest entrepreneur regions in the nation – (Entrepreneur)
  • Ten Fortune 500 companies are headquartered in North Eastern Ohio including: Goodyear Tire, Cliffs Natural Resources, First Energy, Sherwin Williams, Eaton, Travel Centers of America, Progressive Insurance, Regional Banking Hub: home to one of 12 Federal Reserve Banks

 

North East Ohio Employment

  • Akron is among the Top 15 job markets for new college graduates – (CNN)
  • 70% of Fortune 500 companies have a presence
  • More than 400 bioscience companies offer new life science research
  • Home to 27 area colleges and universities

 

Living

  • Northeast Ohio boasts more lakeshore than any other metropolitan area in the world
  • Home to four professional sports teams
  • Cleveland Clinic named a Top Four Hospital in the U.S. and #1 heart hospital in the nation for the past 18 years.
  • University Hospitals named one of nation’s best hospitals – (U.S. News & World Report)
  • Home of the nation’s first Medical Mart
  • Home of the 100-year old Westside Market, one of nation’s oldest public markets

 

Economy

  • Cost of living is well below the national average
  • Akron offers one of the best price/rent ratios in the nation
  • Rent demand is at an all-time high
  • Northeast Ohio boasts a regional economy of $170 billion
  • The region is undergoing nearly $11 billion in major capital investment
  • Northern Ohio has the fastest growing healthcare economy

The macro environment is critical when looking at rental real estate investments, and Akron hits all the markers. There is strong rental demand, and a good economy leading to stable renters and great cash flow for investors.