Real Estate

Sam Allard
Apr 24, 2023 - Real Estate

Bentleyville is Cuyahoga County's wealthiest suburb

Data: Crain's Cleveland Business via U.S. Census ; Chart: Axios Visuals
Data: Crain's Cleveland Business via U.S. Census ; Chart: Axios Visuals

Bentleyville, a tiny village of 800 in southeastern Cuyahoga County, is Northeast Ohio's wealthiest suburb, according to an analysis of U.S. Census data by Crain's Cleveland Business.

Driving the news: Rounding out the top five in the annual Crain's list are tony enclaves along I-271: Gates Mills, Pepper Pike, Moreland Hills and Hunting Valley.

Troy Smith
Apr 18, 2023 - News

Cleveland millennials opt for renting over buying

Illustration of two people looking up at a giant white picket fence

Illustration: Sarah Grillo/Axios

More Cleveland millennials are buying homes, but ownership still lags behind the generation's number of renters.

Driving the news: More than half (52%) of millennials nationwide (people born from 1981 to 1996) owned a home in 2022, marking the first time millennial homeowners have outnumbered millennial renters, according to a new RentCafe report.

Troy Smith
Mar 20, 2023 - Real Estate

"Standby" living comes to Northeast Ohio

Living room of a townhouse with white couch, rug and hardwood floors.

Home sweet temporary home. Photo: Courtesy of Landing

Have you ever wanted to live in a fully furnished apartment in one of Cleveland's premier nightlife neighborhoods with no lease, no security deposit and all utilities included?

Details: "Standby" living is a new residential offering from Landing, a subscription-based nationwide rental network of furnished apartments whose tagline is "Live without leases."

Sam Allard
Feb 15, 2023 - Real Estate

Euclid Beach residents face "mass displacement"

Blonde woman in glasses and black jacket reads from a notepad, addressing reporters.

Euclid Beach Mobile Home Park resident Mary Johnson speaks to reporters. Photo: Sam Allard/Axios

Residents of Euclid Beach Mobile Home Park say that ever since Western Reserve Land Conservancy (WRLC) bought the 28-acre Collinwood property in 2021, their concerns have been marginalized or ignored.

  • Now, they're facing "mass displacement."

Cleveland rents are still high, for now

Data: Moody's Analytics; Table: Kavya Beheraj/Axios

In the fourth quarter of 2022, the average asking rent in the Cleveland metro area was $1,214, up 12.1% from a year earlier, per economic research firm Moody's Analytics.

Why it matters: Affordability concerns are starting to weigh down the booming rental market.

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