$0
Average Rent
$1,262 average rent in Clarksville, Q3 2026
0%
Occupancy Rate
90% occupancy rate Clarksville, Q3 2026
0
T4Q Net Absorption
631 T4Q net absorption in Clarksville, Q3 2026
0%
Annual Rent Change
2% annual rent change in Clarksville, Q3 2026
0
BPS Annual Occupancy Change
-90 BPS annual occupancy change in Clarksville, Q3 2026
0
T4Q Unit Completions
1,080 T4Q net absorption in Clarksville, Q3 2026
KEY TAKEAWAYS
- Renter demand in Cleveland remained constructive in the third quarter with trailing four-quarter absorption improving 57% from a year earlier even as it continues to lag completions, sustaining lease-up competition.
- The construction pipeline has fallen to its lowest level since 2020, down 55% from its 2024 peak, with starts holding flat year over year, pointing to an extended period of limited new supply through 2027.
- Rent growth remains a relative strength, with Cleveland running roughly three times the national average and just behind the leading markets in the region, even as occupancy continues to lag regional peers and sits near the bottom of the group.
MARKET OUTLOOK
Cleveland’s multifamily market should continue to see pressure ease gradually. The under construction pipeline sits near its lowest level in years, but occupancy will remain under pressure in the near term as a temporary uptick in fourth-quarter deliveries works through lease-up…
Clarksville Advisors
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Region
Midwest / Heartland
Office Location
Ohio
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SAL.2022005462
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Region
Midwest / Heartland
Office Location
Ohio
License Number
SAL.2023006800
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Region
Midwest / Heartland
Office Location
Ohio
License Number
SAL.2025003238
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