Downtown Cleveland Alliance’s 2016 Annual Report Highlights a Memorable Year

Housing : Downtown’s residential population increased to more than 14,000 while maintaining annual residential occupancy of 95 percent for a sixth consecutive year (pg. 20)

: Downtown’s residential population increased to more than 14,000 while maintaining annual residential occupancy of 95 percent for a sixth consecutive year (pg. 20) Office: 70 employers leased 1,213,141 square feet of office space with 6,932 jobs created or retained in Downtown (pg. 26)

70 employers leased 1,213,141 square feet of office space with 6,932 jobs created or retained in Downtown (pg. 26) Retail: A variety of homegrown, local retail locations of Monica Potter Home, J3 Clothing, and Cleveland Clinic Express Care opened Downtown outposts (pg. 36)

A variety of homegrown, local retail locations of Monica Potter Home, J3 Clothing, and Cleveland Clinic Express Care opened Downtown outposts (pg. 36) Hospitality: Downtown added 1,000 hotel rooms to the market to feed the growing tourism industry (pg. 32)

Today, Downtown Cleveland Alliance (DCA) released its 2016 Annual Report , a comprehensive recap of the growth and development in Downtown Cleveland over the last year. The detailed report provides an update on the 2016 housing, office, retail and hospitality markets in Downtown Cleveland, as well as an in-depth look at the changing demographic of the residential population.“In addition to hosting the Republican National Convention and celebrating multiple sports titles including an NBA Championship, an MLB American League Pennant and an American Hockey League Championship, our 2016 Annual Report showcases the significant achievements in Downtown Cleveland,” said Joe Marinucci, President, Downtown Cleveland Alliance. He continued, “This includes the remarkable talent, job and amenity increases made possible by our local businesses and constituents.”Highlights by market from DCA’s 2016 Annual Report include:Additionally, the report outlines what is needed to maintain Downtown’s forward momentum – specifically, the continuation of Federal and Ohio Historic Tax Credits programs. These have been an important tool to attract investment, grow the residential population and remove unoccupied office space within the Downtown market. The extension and expansion of these programs is necessary to drive Downtown Cleveland’s 2016 success into 2017.To view the full report, visit downtowncleveland.com