1. www.downtowncleveland.com 1
THE
STATEOF
DOWNTOWN
CLEVELAND2015

2. #StateofdtCLE www.downtowncleveland.com2 3
TABLEOFCONTENTS
BOARDOFDIRECTORS..............................4
DCAOVERVIEW....................................5
STEPUPDOWNTOWN&HISTORICDOWNTOWN....6-7
DOWNTOWNDASHBOARD.........................8-9
DEVELOPMENT&INVESTMENT...................10-11
WATERFRONT...................................12-13
MAJOR DEVELOPMENTS.........................14-15
CLEAN&SAFE...................................16-17
DOWNTOWNRESIDENTS&FAMILIES.............18-19
HOUSING.........................................20
OFFICEMARKET................................21-23
DOWNTOWNTALENT..............................24
HOSPITALITY.....................................25
RETAIL&AMENITIES...........................26-27
MOBILITY.....................................28-29
HOWTHISREPORTCANWORKFORYOU...........30
SOURCES........................................31
Downtown Cleveland’s population is on the upswing. Since 2000,Downtown
Cleveland’s residential population has increased more than 79% following
the national trend of residents moving into walkable, amenity rich
neighborhoods with access to public transit and a deep pool of jobs. This
resurgence of Downtown Cleveland’s population has fueled the $6 billion
dollars of investment that has led to an increase in retail and amenities in
our central business district, which in turn creates even more reasons for
businesses to choose a downtown address. In fact, in 2015 alone, 52
businesses relocated or recommitted to Downtown Cleveland, creating and
retaining over 5,000 jobs.
Downtown Cleveland has come a long way in the 10 years since property owners and other business and
civic leaders founded DCA, and the energy and momentum in Downtown Cleveland is rippling out into the
surrounding neighborhoods. The 2015 State of Downtown report illustrates this forward trajectory, and
outlines the opportunities for growth as well as the challenges we still face in meeting the demands of this
growing population and continuing the positive impacts of Downtown on the City of Cleveland and the
region.
Sincerely,
Joseph A. Marinucci
President & CEO,
Downtown Cleveland Alliance
@DwntownCLE@DowntownCLEfacebook.com/DowntownClevelandAlliance YouTube.com/DwntwnCLE
WWW.DOWNTOWNCLEVELAND.COM | 216.736.7799
#StateofdtCLE www.downtowncleveland.com2 3

3. #StateofdtCLE www.downtowncleveland.com4 5
Doug Miller, The Richard E. Jacobs Group, Chair
Jonathan Sandvick, Sandvick Architects, Vice Chair
John F. Herrick, Realty Investors Corporation, Vice Chair
Mark Stornes, Arthur Middleton Capital Holdings, Treasurer
Adam Fishman, Fairmount Properties, Secretary
Art Falco, Playhouse Square, Immediate Past Chair
TJ Asher, Weston, Inc. *
William Bolton, Property Operations, LLC*
EJ Burke, Key Bank
Fred Geis, Geis Companies
Richard Greco, Ernst & Young
David Hartt, D.B. Hartt, Inc.
Kira Hennessey, Squire Patton Boggs
David Jenkins, The Cleveland Browns *
Catherine Kilbane, The Sherwin-Williams Company*
Len Komoroski, The Cleveland Cavaliers
Neil Mohney, Forest City, Inc.
Ray Mueller, Medical Mutual
Karen Paganini, K&D
Zachary Paris, Jones Day, retired *
Boyd Pethel, First National Bank
Frank Sinito, Millenia Companies
Daniel P. Walsh, Citymark Capital
William West, Hanna Commercial Real Estate *
Directors Emeritus
Thomas Adler, PSF Management Company
John Carney, Landmark RE Management
John Ferchill, The Ferchill Group
David Goldberg, Edgerton Properties
Allan Krulak, Forest City, Inc., retired
Donna Luby, Self-Funded Plans, Inc.
Ex-Officio Directors
Ronald Berkman, Cleveland State University
Joseph Roman, Greater Cleveland Partnership
*Executive Committee Member
DOWNTOWNCLEVELANDALLIANCE
BOARDOFDIRECTORS
DOWNTOWNCLEVELAND
IMPROVEMENTCORPORATION
BOARDOFDIRECTORS
Joseph Calabrese, GCRTA, Chair
TJ Asher, Weston Inc., Vice Chair
Antonin Robert, globalX, Vice Chair
Renee Evans, Harbor Group, Treasurer
Thomas Einhouse, PSF Management Company, Secretary
William West, Hanna Commercial Real Estate, Immediate Past
Chair & Director Emeritus
Joseph Bobeck, Great Lakes Financial Group
Steven Calabrese, CRM Companies
Michael Carney, Landmark RE Management
Roger Carran, Bassichis Real Estate
Joseph Cimperman, Cleveland City Council
Thomas Coyne, Thompson Hine
Melissa Ferchill, MCM Company
Damon Frangos, The Frangos Group / USA Parking
Grace Gallucci, NOACA
Tony George, The George Group
Michael Gersper, Hyland Software
Mark Giuliano, Old Stone Church
Valarie McCall, City of Cleveland Office of the Mayor
Douglas Miller, The Richard E. Jacobs Group
John Roeser, American Landmark Properties
Martin Rodriguez, PNC Real Estate
Paul Shaia, Victory Properties, Inc.
Directors Emeritus
John Coyne, Ampco System Parking
Donna Luby, Self-Funded Plans
Lou Frangos, The Frangos Group/ USA Parking
Jerome Schmelzer, Schmelzer & Assoc. Downtown Cleveland Alliance has served ten years as the only organization focused exclusively on making Downtown Cleveland the
region’s most compelling place to live, work and play.
As an Alliance, DCA does not work alone. DCA works with many allies—property owners, neighborhood partners, public officials,
residents, commercial real estate professionals, business leaders, entrepreneurs, young professionals, foundations and other civic
leaders—to advance Downtown’s growth and development.
As the logo illustrates, DCA acts as the thought leader, strategist, tactician, convener, connector and advocate that works to put
together the puzzle pieces of a strong, vibrant Downtown.
Other times, DCA is the glue that holds the puzzle pieces in place, acting as the voice of the community and an advocate on issues,
affecting downtown.
DCA’s flagship programs are its Clean & Safe Ambassadors and Business Development Center. DCA also works to activate and
market Downtown’s many public spaces through events, public realm enhancements and other initiatives.
CONNECTINGDOWNTOWNCLEVELAND
DowntownCleveland
First Energy
Stadium
Rock+ Roll Hall of
Fame & Museum
Burke Lakefront Airport
Public
Square
Cleveland State
University
Flats East
Bank
Quicken
Loans Arena
Playhouse
Square
The act of allying or state of being allied. A merging of efforts
or interests by persons, families, states, or organizations
Alliance
Noun [uh-lahy-uh ns]
Detroit
Shoreway
Ohio City
Tremont
Central
Midtown
Asia Town
andsurroundingneighborhoods

4. #StateofdtCLE www.downtowncleveland.com6 7
IT’STIME
TO MAKE
AMOVETheStateofDowntownClevelandthroughthelensofEconomicDevelopment “The building we’re in is on the
historic register and has this
enormous, textured history.
It really fits in well with our
company culture and personality.”
Jennifer Kile, Director of Operations
BrownFlynn
Downtown Cleveland
• Cleanliness and Safety
• Business Attraction and Retention
• Historic Redevelopment
• Resident Quality of Life
• RNC
• Public Square
• Transportation
• Advocacy
Step Up Downtown is the vision and tactical plan that guides
DCA’s economic development strategy. The plan identifies
connectivity as the key to leveraging Downtown Cleveland’s
momentum. By addressing the gaps in the public realm
that keep pedestrians from experiencing Downtown as a
continuous urban fabric, and by linking current nodes of
activity with points of interest, Downtown will continue to
evolve into the vibrant, walkable environment that is most
attractive to businesses and their employees. The ultimate
goal is to fill 3 million SF of vacant office space with jobs and
to continue the growth Downtown’s population to 25,000
residents. Consistent with the Step Up Vision,
DCA’s 2016 priorities are:
STEPUPDOWNTOWN
HISTORICDOWNTOWN
Ohio Historic Preservation Tax Credit financing has
transformed Downtown Cleveland into a vibrant
neighborhood that connects the past, present and future. The
continuation and improvement of this financing tool is DCA’s
highest advocacy priority.
From 2008 to 2015, $157 million in Ohio Historic Preservation
Tax Credits helped Downtown Cleveland:
37PROJECTS
Complete
$1.1BILLIONin additional public and private investment
5.8MILLIONSFof commercial space to residential space
1MILLIONSFfor commercial use
166,739SFinto retail space.
3,640APARTMENTS
Leverage
Modernize
Add
to the market
Convert
Convert
#StateofdtCLE www.downtowncleveland.com6 7

5. #StateofdtCLE www.downtowncleveland.com8 9
$6BILLIONininvestment(2008-2015)
GETTINGTOKNOWNORTHEASTOHIO
16.3%ClassAOfficeVacancy
AcresofRecreational
Waterfront
2697%MarketRate
ApartmentOccupancy
newapartmentsplanned
orunderconstruction
3,315
DowntownCleveland
arehometo
41,000Residents
130,000Jobs
79%POPULATION
INCREASE2000-2015
5,000
&retainedin2015
jobscreated
GETTINGTOKNOWDOWNTOWNCLEVELAND
andsurroundingneighborhoods
#StateofdtCLE www.downtowncleveland.com8 9

6. #StateofdtCLE www.downtowncleveland.com10 11
1. NuCLEus Project
2. Standard Building
3. 925 Euclid
4. The Edge
5. Garfield Building
6. Leader Building
7. Worthington Building
8. Cleveland Athletic Club
9. Weston Citymark
10. Halle Building
11. 75 Public Square
12. Lakefront Pedestrian Bridge
13. Stuyvesant Block (City Blue Building)
14. Campus International School
15. John Hartness Brown Building
16. North Coast Harbor Apartments
PLANNEDTOBECOMPLETED2017-2018
1. I-90 Innerbelt Bridge (Phase 2)
2. West Shoreway Boulevard
conversion
3. East 22nd Streetscape
4. Public Square Renovations
5. Hilton Convention Center Hotel
6. Schofield Hotel
7. Southworth Building
8. Drury Plaza Hotel
9. Heritage Hall
10. Progressive Field Renovations
11. Rock and Roll Hall of Fame Plaza
12. Nuevo Mod Mex
13. Playhouse Square, Ohio Theatre
OPENINGIN2016
1. The Ivory on Euclid
2. Flats East Bank Phase II
3. The Creswell at Playhouse
Square
4. St Vincent Charity Hospital
Renovation
5. Cleveland State University,
Center for Innovation in Medical
Professions
6. FirstEnergy Stadium
Modernization
7. Care Alliance Central
Neighborhood Clinic
8. Merwin's Wharf
9. Playhouse Square, State Theatre
10. Residences at 1717
11. Heinen's Grocery Store
12. Corner Alley Downtown
13. Cleveland Rowing
Foundation Rivergate Park
2015COMPLETEDPROJECTS
1
2
3
4
5
6
7
8
9
10
11
13
1
2
3
4
5
6
7
8
9
10
1
2 3
456
7
8
9
1011
12
13
14
15
13
12
STATEOFDOWNTOWNDEVELOPMENT&INVESTMENT
Downtown Cleveland is experiencing an impressive investment cycle of over $6 billion since the launch of the HealthLine in October
2008. Strong public-private partnerships will continue to be necessary to ensure that the current pipeline of projects and the next
wave of major developments are completed.
• $475 million in investment
• 30,000 SF grocery store
• 4,200 SF men’s and women’s active wear store
• 7,500 SF home furniture store
• 573 new residential units
• Conversion of 493,453 SF of commercial space
into residential units
In 2016, 13 projects will be completed and an additional 16 projects in the planning stages are projected to be completed by the end
of 2017. These projects represent:
In 2015,13 development projects were completed in Downtown Cleveland, representing:
COMPLETEDIN2015
29PROJECTSPLANNEDTOOPEN2016-2018
INCREASINGINVESTMENTINDOWNTOWNCLEVELAND
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
16
14
12
10
8
6
4
2
4 4 4
2
9
11
13
14 14
8
4
NumberofProjectsStartedortoStart
$3millionormoreininvestment
YEAR
TYPESOFINVESTMENTINDOWNTOWN
Hotel
Health
Education
Tourism/Entertainment
Infrastructure
Office
Recreation
Mixed Use
4%
3%
10%
10%
11%
12%15%
36%
• Over $3.5 billion in investment
• 1,500 hotel rooms
• 3,315 residential units
• Conversion of 1,000,000 SF of commercial space into residential units
• 350,000 additional SF of office space
FirstEnergy Stadium
Rock+ Roll Hall of
Fame & Museum
Burke Lakefront Airport
Public
Square
Cleveland State
University
Flats East
Bank
Quicken
Loans Arena
Playhouse
Square
11
12
13
16
DowntownCleveland
* see page 11 for list of 29 projects

7. #StateofdtCLE www.downtowncleveland.com12 13
$1.8BILLIONIN ECONOMIC ACTIVITY
60%INCREASE
(2008-2014)
PORTRELATED
JOBSUP60%
(2010-2014)
82%INCREASEIN BULK TONNAGE SHIPPED
(2008-2014)
DCA partners with the Port Authority to provide Clean and Safe
Ambassador Services to remove debris from the Cuyahoga River and
North Coast Harbor. The Port Authority spent $8 million in 2015 to upgrade
infrastructure to meet increasing demand for import and export shipping.
CUYAHOGACOUNTYPORTAUTHORITYFLATSEASTBANK
diningand
entertainment
venues1420-ACRE
CanalBasinParktobea
parkontheriver ofrecreational
waterfront26
Downtowncurrentlyhometomorethan
CUYAHOGARIVERThe Flats is 2015’s largest development project which continues to grow in
2016. River-front dining, water-side boardwalks and bike paths make this
neighborhood a perfect summer time hangout.
WATERFRONT
ROCK&ROLLHALLOFFAMEAND MUSEUM
GREATLAKES
SCIENCECENTER
THEGREATLAKES’ONLY
FLOATINGHEADQUARTERS
VOINOVICHPARK
ROCKNDOCKPADDLEBOAT&JET-SKIRENTALPROVIDER
DOWNTOWNCLEVELAND’S
ONLYMARINA
NORTHCOASTHARBORDCA partners with the city’s Department of Port Control to manage and program North Coast Harbor. North Coast Harbor is a quickly
changing neighborhood. Construction on the Trammel Crowe & Cumberland Development’s 28-acre project began in late 2015 and will
include 1,000 apartments, up to 750,000 SF of office space, Nuevo Mod Mex Restaurant and a pre-school through eighth grade school.

8. #StateofdtCLE www.downtowncleveland.com14 15
MAJORDEVELOPMENTPROJECTS|PLANNEDMAJORDEVELOPMENTPROJECTS|UNDERCONSTRUCTION
925EUCLID
PUBLICSQUARE
FLATSEASTBANKPHASEII
HILTONCLEVELANDDOWNTOWN
WESTONCITYMARK
nuCLEus
$395 million in waterfront and transit oriented
development
• Phase II completed in 2015
• Project includes 500,000 SF EY Tower, Aloft Hotel,
more than 240 apartments and 14 Restaurants and
entertainment venues
• Diversity & Inclusion Goal: 30 percent of contracts
awarded to small, female- or minority-owned
business enterprises (S/F/MBE)
• D & I Result: 31.8 percent, $17.4 million awarded
to S/F/MBE
$272 million development
• Project includes 600 hotel
rooms adjacent to the
Cleveland Convention Center,
2 bars and 2 restaurants
• Diversity & Inclusion Goal: 52
percent of contracts awarded
to S/F/MBE
• D & I Result: 68.1 percent, over
$119 million awarded to S/F/
MBE
$50 million renovation
• Project includes 5 acres of park space, indoor/outdoor café, splash park/ice
skating rink, Soldiers’ & Sailors’ Monument
• 3,904 SF of seating
• 220 trees
$400 million development
• Project includes 200,000-300,000 SF of
office space, 500 housing units, 150,000 SF
of retail space
$280 million transit oriented development
• Project includes 673 apartments, 279 hotel rooms, 150,000 SF
of office space, 42,289 SF of retail space, and 80,000 SF of
business incubator space.
$400 million development
• 3 million SF project to be built in four phases
• Project includes1,200 apartments and100,000 SF
of retail space
• Phase 1 to break ground in 2016 will include the
first 352 apartments

9. #StateofdtCLE www.downtowncleveland.com16 17
LIVE
WORK
PLAYHere’swhatDowntownClevelandlooksliketoday
KEEPINGCLEVELANDCLEAN&SAFE
The Clean and Safe Ambassadors are more prominent
than ever in 2016, preparing and maintaining Downtown
Cleveland for the national spotlight of the Republican National
Convention. More than 65 Downtown Cleveland Alliance
Ambassadors are out and about from 7 a.m. to 12 a.m. seven
days a week and can be reached at 216-621-6000.
DCAAMBASSADORS:ATYOURSERVICE
PROVIDED 3,620 SAFETY ESCORTS
• All DCA ambassadors are equipped with smart phones to
assist people with directions to a specific location or event.
• Safety ambassadors are trained to work with the homeless.
They can call the on-staff social work professional to work
one-on-one with homeless individuals in need.
• Ambassadors are prepared to assist motorists with flat tires,
car lockouts and jump starts, as well as provide safety
escorts to downtown destinations.
• Ambassadors are prepared to assist pedestrians with
hospitality advice, directions and aggressive panhandlers.
IN2015,DCAAMBASSADORS:
ASSISTED 57,701 VISITORS
ASSISTED 2300 MOTORISTS
REMOVED 7,767incidences of graffiti
COMPLETED 2,123 HOURSof power washing
REMOVED 619,684 POUNDSof trash from Downtown Cleveland
DIDYOUKNOW?
“I feel safer walking around the streets of Cleveland,
especially at night, now that I know there are
people looking out for my well-being. I look
forward to seeing more of your [ambassadors] on
the streets, and I will be sure to tell them thank
you and to keep up the hard work.”
Steve Vesey
Downtown Cleveland
#StateofdtCLE www.downtowncleveland.com16 17

10. #StateofdtCLE www.downtowncleveland.com18 19
STATEOFDOWNTOWN:RESIDENTS
Downtown’s population of 14,000 increased 79 percent between 2000 and 2016, and is projected to reach over 18,000 by the end of
2018 based on housing developments that are currently planned or under construction.
GENDER
20-24
25-34
35-44
45-54
55-64
65 and over
879
1462
1066
637
278
264
1203
2411
1024
835
704
179
2000 2014
680
825
441
333
237
320
1162
1639
584
428
311
292
Male Female
2000 2014 RACEOFDOWNTOWNRESIDENTS
White Alone
Black or African American
Asian Alone
Two or more races
Some other race
47.8%
40.1%40.1%
47.8%
STATEOFDOWNTOWN:FAMILIES
With the increase of children under the age of 14 now calling Downtown Cleveland home, a great neighborhood is developing into a
family-friendly community. This growth is helping Downtown Cleveland overcome the perception that Downtown is home to only young
professionals and those living alone.
Emerging trends show families are choosing to stay in Downtown Cleveland. Current population data illustrates the need for
developers, lenders and investors to consider larger units in residential buildings.
DEVELOPMENTOPPORTUNITIES
Campus International School
Kindergarten through seventh grade school that earned a
high performing rating from the Cleveland Transformation
Alliance. Operated by Cleveland Metropolitan School District
in partnership with CSU, the curriculum offers international
baccalaureate classes. Soon to include a high school
component, construction began in early 2016 and is scheduled
to open in Fall 2017. Currently there are 535 students enrolled
and a waiting list for additional students.
MC2 STEM High School
A high school that earned a high performing rating from the
Cleveland Transformation Alliance. Ninth grade students convene
and take courses at the Great Lakes Science Center; and the
tenth grade meets at the GE Lighting’s corporate headquarters
in East Cleveland. Eleventh and twelfth grade courses take place
at Cleveland State University. There are 405 students currently
enrolled in this school.
DOWNTOWNCLEVELANDFAMILYAMENITIES
Currently Downtown Cleveland has three early learning centers highly rated by the state and five schools. Quality education options in
Downtown Cleveland include:
Downtown Cleveland parents and children can enjoy family programming at the Greater Cleveland Aquarium, Great Lakes Science
Center, Playhouse Square and the Rock & Roll Hall of Fame and Museum, as well as all three major sports teams in Downtown Cleveland.
Progressive Field, home of the Cleveland Indians, was recently named the most family friendly ballpark in Major League Baseball.
EMERGINGTRENDS
Between 2010 and 2014, the number of children and 35 to 40
year olds increased, reversing the previous decline.
ESTABLISHEDTRENDS
Between 2000 and 2014, Millennials and Baby Boomers led the
growth in Downtown Cleveland’s population.
1139
1200
1422
1282
2704
1442
1806
1865
1798
3663
27%
51%
31%
40%
35%
High School
Some College or Associates Degree
Bachelor’s Degree
Graduate/Professional Degree
Total of those with Bachelor Degree and Higher
EDUCATION LEVELSOFDOWNTOWNRESIDENTS 2010 2014(AGE25+) PERCENTCHANGE
(2010-2014)
Under 5 years
5-9 years
10-14 years
15-19 years
20-24 years
25-34 years
35-44 years
45-54 years
55-64 years
65+ years
236
98
143
627
2041
3743
1231
1194
873
400
464
283
152
970
2365
4049
1607
1262
1018
473
97%
189%
6%
55%
16%
8%
31%
6%
17%
18%
AGE
Below $35,000
$35-50,000
$50-75,000
$75-100,000
$100-150,000
$150-200,000
Above $200,000
2504
565
774
436
352
48
126
3236
490
850
604
454
197
355
29%
-13%
10%
39%
29%
310%
182%
HOUSEHOLDSWITHINCOME:
AGGREGATEINCOME
AVERAGEHOUSEHOLDINCOME
$231,126,584 $372,998,704 61%
$44,914 $60,297.24 34%
INPOPULATIONOF35-44
YEAROLDRESIDENTS
31%INCREASE INCREASEIN
CHILDRENAGES
0-5YEARSOLD
INCREASEINCHILDRENAGES
5-9
POPULATIONOFWOMENAGES20-34YEARSOLD
HASGROWNBY86%
INMILLENNIALS
77%INCREASE
INCREASEINBABYBOOMERS
97%

11. #StateofdtCLE www.downtowncleveland.com20 21
Downtown Cleveland has reduced office vacancy from 23.3 percent in Q1 2011 to 18.7 percent in Q4 2015. Downtown Cleveland is
effectively attracting and retaining office tenants, but 3 million vacant SF remain, creating both challenges for the real estate market
and opportunities for businesses seeking a downtown address that will enable them to better recruit and retain top talent.
“Ouryoungeremployeesdon’twanttogotoasuburbanofficepark.It’sboringasallget
outthere.Heretheywalkoutsideandseecoolstuffandit’sfun.Iwantedtobewherethey
wantedtobe.” RegShiverick,President ofDakotaSoftware,DowntownCleveland
STATEOFDOWNTOWN:OFFICEMARKET
6,000
5,500
5,000
4,500
4,000
3,500
3,000
2,500
2,000
1,500
2011 20142012 2013
4,171
4,171
4,857
5,196
4,171
4,193
4,936
5,196
4,171
4,636
5,162
5,459
4,171
4,705
5,162
5,565
100%
95%
90%
85%
80%
75%
70%
65%
60%
55%
2015
5,565
5,543
5,785
5,870
Since 2011, Downtown Cleveland has continually added new residential units while still increasing
the overall residential occupancy of the city center.
95.90% 96.20% 95%
97.80% 97%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Between 2011 and the end of 2015, Downtown Cleveland added 1,700 apartments while maintaining 95-98 percent occupancy.
Although rents have strengthened since the end of the recession, increasing construction costs continue to make strong public-private
partnerships necessary to ensure planned projects are completed. Increasing demand for owner-occupied housing, best illustrated
by the 97 percent increase among 55-64 year olds since 2000, represents a major opportunity for housing developers.
STATEOFDOWNTOWN:HOUSING
RENTALRATES
Average Rent Per Month for a One Bedroom
Average Rent Price per SF
$786
$1.08
$1017
$1.32
2011 2015
FORSALEUNITS
Average Sale Price per unit
Average Sale Price per SF
$249,550
$177.76
$259,287
$207.80
2011 2015
WalkscoreofDowntown
ClassAOfficeBuildings
TransitScoreofDowntown
ClassAOfficeBuildings
VACANCYRATESANDLEASERATESFORSIMILARLY-SIZEDDOWNTOWNSINREGION
Cleveland
Detroit
Cincinnati
Columbus
Indianapolis
Pittsburgh
28
27
26
25
24
23
22
21
20
19
$20.88
16.3%
$21.74
7.4%
$24.73
18.2%
$22.40
13.2%
$19.51
17.1%
ClassALeaseRateperSF
2015
$27.50
7.2%
20%
18%
16%
14%
12%
10%
8%
6%
4%
2%
ClassAVacancyRate
• Currently 14,000 residents
• Completion of the 3,315 housing units
under construction or planned will grow the
downtown population to an estimated 18,000
residents by the end of 2018.
• 1,700 units added (2011-2015)
• 5,870 total market rate apartments
• 880 condominiums and town-homes
• 969 units under construction
• 2,346 units planned for delivery (2016-2018)
DOWNTOWNHOUSINGMARKET
NumberofRentalUnitsinDowntownCleveland
SF of office space, including
8.8 million SF of Class A space15.8MILLION
Downtown Cleveland has
Average
AskingLeaseRate
$20.98
NetAbsorption
106,000SF
Q4Vacancy16.3%
CLASSASPACEIN2015:
DOWNTOWNCLEVELANDRENTALUNITSANDRESIDENTIALOCCUPANCY,2011-2015

12. #StateofdtCLE www.downtowncleveland.com22 23
The following companies relocated, expanded or recommitted to Downtown Cleveland in 2015:
Citymark Capital
Cordell & Cordell
Fox Sports Ohio
Futuri
Gabriel Partners
PIRHL
RNC Offices
Siemens
Signet Capital Advisors
Spero-Smith Investment
Advisors*
TopicPulse
The Gottlieb Organization
Svetlana Schreiber &
Associates L.P.A
Group 4 Imaging
Lake Effect Studios
YellowLite
Blink Signs
Rebiz
Accenture
AECOM
Alexander Mann Solutions
American Interiors, Inc.
AmTrust
Arthur J Gallagher
Asurint
Austin Capital Partners
BakerHostetler
Benesch
BOMA Greater Cleveland
Cleveland Rape Crisis Center
Everest Land Title
Favorite Brother
GCA Services Group
Hartland & Co.
Intellinet
Lowe Eklund Wakefield Co.
National General Insurance
Navy Federal Credit Union
Newman & Company, CPAs
Nurenberg Paris Heller
McCarthy
Penton Media, Inc
RBC Capital Markets LLC
Roetzel & Andress LPA
Sherwin Williams*
StartMart
Taft Stettinius & Hollister
Team NEO*
Thompson Hine*
Towers Watson
W.B. Doner & Company
Welty Construction
*2015 Members of Commission 50,
recognized annually for progress in
creating, enhancing and sustaining
their diversity and inclusion
strategies.
50OFFICETENANTSRECOMMITTEDORRELOCATEDTODOWNTOWNCLEVELANDIN2015
Attraction
25%
24%
23%
22%
21%
20%
19%
18%
17%
16%
23.3%
22.9%
22.3%
19.9%
19.2%
18.9%
18.6%
18.3%
20.3%
19.7%
19.9%
18.2%
18.5%
18.7%
18.6%
18.4%
18.4%
19.7%
18.8%
18.7%
2011
Q1 Q2 Q3 Q4
2012
Q1 Q2 Q3 Q4
2013
Q1 Q2 Q3 Q4
2014
Q1 Q2 Q3 Q4
2015
Q1 Q2 Q3 Q4
$20.00
$19.50
$19.00
$18.50
$18.00
$17.50
$17.00
$16.50
$16.00
$15.50
LeaseRates
VacancyRates
DOWNTOWNCLEVELANDLEASERATESCLIMB,ASVACANCYDECLINES
STATEOFDOWNTOWN:HEALTH&TECHNOLOGY
OFFICESPOTLIGHTS:STARTMART OFFICESPOTLIGHTS:GLOBALCENTERFORHEALTHINNOVATION
Health & technology are increasingly key drivers of the Downtown Cleveland office market. In 2015, Downtown built upon its status
as the region’s hub for technology-related entrepreneurism with the opening of StartMart, the second largest co-working and
entrepreneurial hub in the U.S. Downtown also continued to take advantage of the Global Center for Health Innovation to attract health
& technology leaders like the central zone headquarters for Siemens Global.
RetentionorExpansion
STATEOFDOWNTOWN:OFFICEMARKET
• Opened the second largest
entrepreneurship and co-working
hub in the U.S., Downtown’s
Historic Terminal Tower.
• Offers new resources such as
“StartPods,” which create an
atmosphere where startups are
empowered to test, iterate, fail and
scale.
• Home to over 30 companies and
startups, including the FlashStarts
business accelerator and We Can
Code IT.
• Only facility in the world that displays
the future of health and health care.
The Center advances health and
health care innovation, technology,
education and commerce through
state-of-the-art spaces, programs
and virtual offerings.
• Brings together the world’s leaders
in health care technology, allowing
them to connect, collaborate and
create.
• Downtown home of HIMSS, Cleveland
Clinic, University Hospitals, GE
Healthcare, Hyland Creator
of OnBase, Forbo, Siemens,
MetroHealth, Johnson Controls,
Sisters of Charity Health System, and
Cardinal Health.
TECHANDHEALTHINDUSTRIESGROWINDOWNTOWNCLEVELAND
• Fiber optic network gives tech and data
intensive businesses a competitive
advantage.
• 39 downtown office buildings are lit with
40 gb/s fiber service.
• 100 gb/s fiber service, the fastest
commercially available service which is
100 times faster than Google Fiber, will be
available in 2016.
FIBERFEEDSDOWNTOWNCLEVELANDTECHNOLOGYINDUSTRY

13. #StateofdtCLE www.downtowncleveland.com24 25
STATEOFDOWNTOWN:TALENTANDEMPLOYMENT
Downtown Cleveland’s strong talent base and employment growth fuel the office market. The most recently available data indicates
that Downtown Cleveland employers increased employment 9.7 percent from 91,583 to 100,439 between 2011 and 2014. The Greater
Downtown area experienced similar growth, increasing 5.5 percent from 124,098 to 130,902 during the same time period. This trend
continued in 2015, with 53 employers committing to create or retain nearly 5,000 downtown jobs.
Businesses that locate in Downtown Cleveland give themselves a leg up over their peers in recruiting top talent. In a report published
in conjunction with Cushman & Wakefield Real Estate and the George Washington University School of Business, Smart Growth
America surveyed 500 business executives and concluded that talent recruitment and retention is a key consideration of businesses
deciding to locate in a downtown. The Cleveland area ranks 8th in the United States, tied with Miami and Seattle, in the growth of
college educated 25-34 year olds. Downtown experienced a 136 percent increase in the number of residents who hold a four year or
advanced degree between 2000 and 2014. Moreover, Downtown’s close proximity to multiple higher education facilities helps connect
downtown businesses with top talent.
REPUBLICANNATIONALCONVENTION
STATEOFDOWNTOWN:HOSPITALITY
LARGESTPRIVATEEMPLOYERSINDOWNTOWNCLEVELAND
DOWNTOWNHIGHEREDUCATIONFUNNELSTALENTINTOWORKFORCE
• 17,730 students
enrolled at Cleveland
State University
• Top 20 Online MBA
Program, according
to US News & World
Report
• 10 percent increase
in the number of
engineering majors,
2008-2014
• 5,503 students
enrolled at
downtown
campus of Tri-C
• Hospitality and
Management
Center trains
chefs and
hospitality staff
• Ranks 1st in
Ohio and 25th
in the nation
in conferring
associate
degrees
KeyCorp
Sherwin-Williams
Rock Gaming
Medical Mutual Of Ohio
Ernst & Young LLP
Healthspan
Ohio Savings Bank
St Vincent Charity Medical Center
Huntington National Bank
JPMorgan Chase & Co
4,812
3,430
2,080
1,800
1,178
1,103
841
837
785
736
Downtown Cleveland is growing as a tourist and entertainment destination. The hotel market will add an additional 900 rooms in 2016,
bringing the total number of downtown hotel rooms to 4,853.
TODOWNTOWNCLEVELAND
50,000VISITORS
THEREPUBLICANNATIONALCONVENTIONWILLBRING
15,000MEDIAPERSONNELCOVERINGTHECONVENTION
UTILIZETHE225,000SFSTATEOFTHEARTCLEVELAND
CONVENTIONCENTERASTHECONVENTION’SMEDIACENTER
Cleveland is well-known for its professional sports and as the home
of the 2016 RNC. Less well-known is Cleveland’s dynamic arts scene.
In 2015, Cuyahoga County voters renewed a tax on tobacco sales, a
revenue source that helps place Cleveland ahead of cities like Boston,
Chicago, Miami, Philadelphia and Portland in per capita public funding
for the arts.
ARTS&CULTURE
• Attracts over 1 million visitors per year
• 10,000 seats + 10 performance spaces = 2nd largest performing arts center in U.S.
• 32,000 Key Bank Broadway Series season ticket holders is the largest subscription base in the
U.S.
• One of only 5 cities to offer Broadway Series shows for 3 weeks
• Home to the Cleveland Play House, the 2015 Tony Award Winner for Best Regional Theater
PlayhouseSquare
Music&Film
SPORTS&GAMING
• Cleveland Browns, Cavaliers and Indians attract
over 3 million annual visitors to their walkable
downtown venues
• Hosting the 2015 NCAA Men’s Basketball Sweet
16 pumped $5 million into the local economy
• American Hockey League Lake Erie Monsters
affiliated with the National Hockey League’s
Columbus Blue Jackets
• JACK Casino: 13.2 million visitors and nearly
100,000 hotel rooms booked (2012-2015)
• Cleveland International Film Festival, recognized
by USA Today as the 2nd best film festival in the
U.S., attracts over 100,000 annual visitors
• Jacobs Pavilion @ Nautica named one of top 7
outdoor concert venues in U.S.
• Rock and Roll Hall of Fame & Museum brings
$107 million in annual economic impact
CLEVELANDSTATEUNIVERSITY CUYAHOGACOMMUNITYCOLLEGE

14. #StateofdtCLE www.downtowncleveland.com26 27
STATEOFDOWNTOWN:RETAIL&AMENITIES
2015MAJORDOWNTOWNRETAILWINS
The 5th Street Arcades offers unique,
authentically Cleveland shopping and
dining experiences. Dating back to 1898,
the 5th Street Arcades is now home to
more than 40 retailers, including men’s
and women’s apparel, a pet supply shop
and several ethnic eateries.
GEIGERS
Geiger’s, a locally owned 83-year-old
retailer of men’s and women’s clothing,
active-wear and footwear, opened at
the end of 2015. The store has several
locations in the region and this is their first
Downtown Cleveland store, capitalizing
on the growth of Downtown’s residential
population.
HEINEN’SFINEFOODS
Heinen’s Fine Foods, a locally
owned 87-year-old grocer with
locations in Greater Cleveland
and Chicago, opened their first
Downtown Cleveland store in
early 2015. The 30,000 SF store
employs 100 people. Owners
recently reported that the
prepared foods are some of their
most popular products.
5THSTREETARCADES
METROHOME
Metro Home, a local
contemporary furniture gallery
that has successfully served
the North Eastern Ohio area
throughout the last 40 years,
put down roots in Downtown’s
NineTwelve District in 2015. The
store is located in the Residences
at 1717.
36NEWRETAILERSOPENEDIN2015
• 41,082 residents in Downtown’s retail trade
area
• 35.5 percent of residents aged 20-34
• 30.7 percent hold four year or advanced
college degree
• $884,311,256 aggregate income
• 23 percent increase in aggregate income,
2011-2014
• $47,048 average household income
• 19 percent increase in average household
income, 2011-2014
The aggregate spending power surrounding
Downtown Cleveland continues to increase as
the population of the area grows. Since 2011,
the spending power of Downtown’s retail trade
area has increased by more than $100 million.
Parker Hannifin Downtown YMCA
Ruth’s Chris Steakhouse
Play by Color Nation
Insomnia Cookies
Buffalo Wild Wings
Mabel’s BBQ
Coastal Taco
Bloom Bakery
Yours Truly
The Burnham at Hilton Cleveland Downtown Hotel
The Lobby Bar at Hilton Cleveland Downtown Hotel
The Noshery at Hilton Cleveland Downtown Hotel
Bar 32 at Hilton Cleveland Downtown Hotel
Parker's Downtown at The Schofield Hotel
NATIONALBRANDSINDOWNTOWNCLEVELAND
CVS Pharmacy
Victoria’s Secret
Starbucks
Dunkin’ Donuts
Brooks Brothers
Chipotle
Potbelly
Bath and Body Works
Subway
Jimmy Johns
Buffalo Wild Wings
Pizza Hut
Payless Shoes
Sherwin-Williams
American Greetings
DOWNTOWNRETAILOPENINGIN2016
Heinen’s Fine Foods
Rising Star
NutriFit
Geiger’s
CLE Pets
Bombay Chaat
Punch Bowl Social
FWD Day & Nightclub
Big Bang Dueling Piano Bar
Crop Rocks
Crop Sticks
Alley Cat Oyster Bar
Bold Food & Drink
Beerhead
Flip Side
Pizza Fire
10PM Studio
Helio Terra
Blue Edge
Metro Home
Edible Arrangements
Restore Cold Pressed
Blazin Bistro
We Bleed Ohio
Pizza 216
Rocket Fizz
Culture
L’Amour Du Noir
Vibe, A Wellness Studio
Santorini Greek Traverna
Barrio Gateway
Johnnyville Woods
Cleveland Fray
Happy Hour Collection
A Kitchen and Bar
Equal Exchange Coffee
STATEOFDOWNTOWN:RETAIL&AMENITIES
DOWNTOWN’SRETAILTRADEAREADEMOGRAPHICS

15. #StateofdtCLE www.downtowncleveland.com28 29
STATEOFDOWNTOWN:MOBILITY
Downtown Cleveland residents, office workers and visitors have more transportation options than those in other areas of the state. With
easy access to two airports and an Amtrak station, Downtown Cleveland is perfectly situated for business travel. Cleveland is the only city
in Ohio to boast light rail service and was the nation’s first to directly connect its airport to Downtown by rail.
The Greater Cleveland Regional Transit Authority (RTA) makes it easy for daily commuters to get downtown, servicing the area with
multiple bus routes, four rapid transit lines, and two bus-rapid-transit systems.
WALKABLEDOWNTOWN
• 94 and 89: Average Walkscore and Transit Score of Downtown Cleveland Class A office buildings
• 89 and 84: Average Walkscore and Transit Score of Downtown Cleveland apartment buildings
• 15: number of bars or restaurants within a 5 minute walk of downtown apartments & office buildings
• #1 Bus-Rapid Transit in North America, the HealthLine which connects Downtown Cleveland to the Cleveland Clinic and University
Circle
• Cleveland State Line, new bus-rapid transit line connecting western neighborhoods and suburbs to Downtown Cleveland, in-
creased ridership by 32% (2010-2015)
• “Free with a Smile” Downtown Trolleys arrive at stops every 10 minutes, 7 days a week (7am-11pm, M-F; 11am-11pm weekends)
DOWNTOWNCLEVELAND’SPUBLICTRANSIT
Downtown Cleveland Bike Rack offers the only full service station with lockers, shower facilities, secure storage and bike repair services in
Downtown. In 2016, 250 Downtown Bike Share Stations will launch under CycleHop-SoBi.
DOWNTOWNBICYCLING
DOWNTOWNAIRSERVICE
Daily Cleveland-Cincinnati air service launched in 2015 at Burke Lakefront Airport (Ultimate Air Shuttle) Service may be expanded in
2016 to include New York and Chicago.
2015 RTA Ridership
Downtown Trolley:
1,530,698
Overall:
47,025,879
HealthLine:
4,461,433
According to RTA’s 2013 On-Board Survey, young professionals ages 18-34 represent:
of Total RTA
Ridership52% of HealthLine
Ridership57% of Downtown
Trolley Ridership62%
Between 2010 and 2015:
RTA’s Overall
Ridership
grew by
HealthLine
Ridership
grew by
Downtown
Trolley Ridership
grew by
Cleveland State
Line Ridership
grew by
STATEOFDOWNTOWN:MOBILITY

16. #StateofdtCLE www.downtowncleveland.com30 31
4WAYS
THISREPORT
CANWORK
FORYOU
The State of Downtown Cleveland is the most
comprehensive single source of information
about Downtown Cleveland. This report
is designed to update business leaders,
commercial real estate professionals, policy
makers, investors and journalists as they seek
information about Downtown Cleveland.
Access the tools and information you
need to relocate or expand your
business in Downtown.
1.MakeaMove
Making good public policy requires
good information about the most up
to date trends, developments and
growth opportunities.
3.GuideGoodGovernment
Enhance your reporting, researching
and recruiting with the story
of Downtown Cleveland.
4.TelltheStoryStart your next enterprise in
Downtown Cleveland to gain access
to the fastest growing educated
workforce in Northeast Ohio, high
speed fiber connections and more.
2.GrowCommerce
Campus District Inc.
CBRE Cleveland Office MarketView
City of Cleveland, Department of Economic Development
Cleveland Transformation Alliance
Cleveland State University, Center for Population Dynamics
Colliers International Cleveland Office Research & Forecast Report
Commission on Economic Inclusion | Project Owners Current Building Projects Reports
Crain’s Cleveland Business Book of Lists
Cuyahoga Community College
Downtown Cleveland Alliance 2015 Retail Survey
Downtown Cleveland Alliance Quarterly Market Updates 2011-2015
Destination Cleveland
Fortune Magazine
Greater Cleveland Partnership
Greater Cleveland Regional Transit Authority
Historic Warehouse District
Historic Gateway District
International Downtown Association, Defining Downtown
JobsOhio
Jones Lang LaSalle Cleveland Office Insight
Newmark Grubb Knight Frank Cleveland Office Market Report
Ohio Department of Job & Family Services, Labor Market Review
Ohio Department of Job & Family Services, Step Up to Quality
Rock & Roll Hall of Fame and Museum
Smart Growth America
TeamNEO
U.S. Census 2000 & 2010
U.S. Census 2010-2014 American Community Survey 5 year estimate
U.S. Census On The Map Application: LEHD Origin- Destination Employment Statistics
USA Today
Walkscore.com
Xceligent
Sources:

17. #StateofdtCLE32
KeyBank National Association
Ohio Savings Bank,
A Division of New York Community Bank
The Millennia Companies
The Club at Key Center
DCAMEMBERS
AMBASSADORLEVEL
AmTrust Financial
Bluebridge Networks, LLC
Cleveland Cavaliers
Cleveland Clinic
Medical Mutual
National General Insurance
OMNI Media
PNC
St. Vincent Charity Medical Center
PRESIDENTIALLEVEL
Benesch, Friedlander, Coplan & Aronoff, LLP
Calfee, Halter & Griswold LLP
CBRE
Cleveland Indians
Cohen & Company
Cresco Real Estate
Fay Sharpe, LLP
First National Bank of Pennsylvania
Greater Cleveland Partnership
Hanna Commercial Real Estate
Hughie’s
ideastream
Kimpton (The Schofield Hotel)
Lolly the Trolley
Mansour, Gavin, Gerlack & Manos Co., LPA
McCarthy, Lebit, Crystal & Liffman Co., LPA
Oswald Companies
United Way of Greater Cleveland
ASSOCIATELEVEL
BakerHostetler
Cleveland State University
Dollar Bank
Dwellworks, LLC
FirstMerit Convention Center of Cleveland
Jones Day
Reminger Co., LPA
Rock and Roll Hall of Fame and Museum
RSM US LLP
EXECUTIVELEVEL
STATEOFDOWNTOWNCLEVELAND
SPONSOREDBY
1010EUCLIDAVENUE|CLEVELAND,OHIO
216.736.7799