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March 15, 2012

A Revival in Cleveland? Signs Point to Growth Downtown

Cleveland Map

Most of us have seen the shrinking population figures for Cleveland and other urban cities across America, but an MSASS researcher has uncovered a glimmer of hope that's not been reported until now.

Downtown Cleveland has grown substantially over the last two decades, according to Richey Piiparinen, research assistant with the Center on Urban Poverty and Community Development. His latest research indicates that the neighborhood's population grew 96 percent, with residential totals increasing from 4,651 to 9,098.

It was the single largest spike of any neighborhood, suburb, or county measured for the two decades under study, according to his report. Downtown residential occupancy rates now stand over 95 percent and developers are eagerly looking to meet residential demand.

So who makes up the demographic that seems most enthralled with living within the confines of downtown? It's an area attracting the "young and the restless," say researchers, a demographic primarily made up of 22 to 24-year olds.

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