Appetites Are Increasing For Middle Market Investments
Investors from major cities are looking outside of their local competitive real estate markets - and for good reason. Competitive rental markets like NYC, San Francisco and Seattle, to name a few, are slow to return strong earnings to investors. Instead, experienced investors are gaining an appetite for "middle markets", where rental price trends point to better long-term appreciation.
In 2019, the Cleveland Metro Area trended upwards of 5% year-over-year rent growth, while many flagship cities like Boston, Los Angeles and Chicago posted growth at or below the national average of 2.9%. These rental trends are influenced by the expanding presence of major employers in cost-effective, highly educated middle-market territories.
Did you know that these Fortune 500 companies are based in Greater Cleveland?
Progressive Group of Insurance
Goodyear Tire & Rubber
Travel Centers of America
Cleveland is home to two new Amazon locations, & there are 5 fulfillment centers in the Buckeye state