October 2025
The Cleveland, OH market is gaining momentum with record-breaking tourism spending, rising job and population trends, and major mixed-use and residential developments revitalizing both downtown and surrounding neighborhoods.
Cleveland Tourism Smashes Spending Record
What This Means For You: Cuyahoga County recorded $6.9 billion in direct spending, a 4% jump from 2023, per Destination Cleveland’s latest reporting. Tourism now supports 1 in 14 jobs countywide.
Cleveland Hopkins International Airport Undergoes $1.6 Billion Redevelopment
What This Means For You: Work has begun this month on a major $1.6 billion redevelopment of Cleveland Hopkins International Airport, modernizing the terminal and infrastructure to improve travel efficiency and passenger experience.
Great Day Improvements Expansion to Create 412 Jobs in the Greater Cleveland Area
What This Means For You: Home improvement company Great Day Improvements will expand operations in Ohio, creating 995 new jobs over the next five years. The direct-to-consumer provider and manufacturer will create 412 jobs in the Greater Cleveland area. The company, which grew from two Cleveland-grown brands — Patio Enclosures and Stanek Windows — has become one of North America’s fastest-growing home improvement companies.
Cleveland Housing Market Among the Nation’s Strongest
What This Means For You: Cleveland home prices rose 4.5%—the third-highest increase nationally—while U.S. gains slowed to just 1.7%, highlighting the city’s resilient housing market, outpaced only by New York and Chicago.
Greater Cleveland’s Job Market and Population Trends Signal a Region on the Rise
What This Means For You: According to recent data, greater Cleveland’s workforce and number of employed people have grown to the highest levels since the start of the Great Recession (2009-11). The data adds to others recently released that show improving economic indicators for the Cleveland metropolitan, including growing population estimates, top 100 employers’ employment, and homebuying popularity among young adults.
$100 Million Agreement Paves Way for New Browns Stadium and Brook Park Development
What This Means For You: The city of Cleveland and the Cleveland Browns reached a $100M agreement to move forward with a $2.4B domed stadium in Brook Park, part of a $3.5B overall development, with the stadium slated to open for the 2029 season.
Cleveland Recognized as One of 10 Surprisingly Affordable U.S. Cities
What This Means For You: With a median home price of $243,400 and abundant cultural and outdoor activities, Cleveland stands out as an affordable city offering urban amenities without the high cost of living.
Groundbreaking Imminent for $115M+ Mixed-Use Development at Former Lakewood Hospital Site
What This Means For You: One of the biggest economic development projects in Lakewood’s history will invest over $115 million in converting the former Lakewood Hospital site into housing, retail, and public space.
Cavaliers CEO Projects “Golden Era” for Downtown Cleveland
What This Means For You: Cleveland Cavaliers and Rock Entertainment Group CEO Nic Barlage highlighted major downtown projects—including the Cleveland Clinic Global Peak Performance Center, a new WNBA team, and Bedrock’s riverfront development—as signaling a $3B “golden era of opportunity” attracting investors nationwide.
Cleveland Developers Reinvent History with Luxury Living and Boutique Hotel
What This Means For You: Ohio’s latest grants will revitalize nearly 1,000 historic buildings by supporting developers in creating jobs and investment. These massive projects include the historic Rose Building and the Herold Building and are expected to create hundreds of construction and permanent jobs.
The Barker Hotel, a Tribute Portfolio Hotel by Marriott, Set to Open
What This Means For You: Opening in Berea, Ohio, in 2027, The Barker Hotel will serve fans, travelers, and the community as a key part of the Cleveland Browns’ District 46 project, while advancing a larger vision to transform the area into a vibrant destination.
U.S. News & World Report Names Cleveland Clinic One of the Nation’s Best Hospitals for 2025-2026
What This Means For You: Cleveland Clinic has once again earned national recognition as one of America’s best hospitals, according to the 2025-2026 U.S. News & World Report “Best Hospitals” rankings. For the 35th consecutive year, Cleveland Clinic has been named to the Best Hospitals “Honor Roll,” a distinction recognizing hospitals that deliver exceptional care across a wide range of specialties and procedures.
