People keep asking me "Why Cleveland" when I tell them where I am buying multi-family investment properties, and I keep telling them because the prices are low, vacancy rates are low, and rents are good. It's also because Cleveland itself is doing extremely well with positive job growth and lots of long term investment money coming in.

Marcus & Millichap's 4th quarter apartment report is out and things look great for continued growth in the rental market. Have a look at https://www.marcusmillichap.com/services/research/webreports/Cleveland/Apartment.aspx . Contact me if you'd like to have a copy of the full report, or you can download it here.
 


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