Good morning, Cleveland Real Estate Investors! 

"Why did the real estate agent get their dad a lawnmower for Father’s Day?

Because they knew he’d be cutting-edge in the real estate game! 🌱🏡 Happy Early Father's Day to all the dads making moves! 😎"

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📬 In today’s edition:

• 🏢 Downtown Office Market Revival

• 💼 Investment Opportunity in Cleveland

• 🏡 House of the Week: 19 Brandywood Drive, Pepper Pike

By Tyler Finkler - Local Realtor & Appraiser

📰 Cleveland Market Minute

Fairview Park’s Westgate Shopping Center sold for big price tag

FAIRVIEW PARK, Ohio -- The owners of the Westgate Shopping Center are selling the popular retail destination in Fairview Park for $51.5 million.

RH Johnson Company has arranged the sale of the 311,440-square-foot open-air shopping center on Center Ridge Road to Phillips Edison & Company.

🔗 Read More

Cuyahoga riverfront clean-up among Cuyahoga County’s $18M in state brownfield grants

CLEVELAND, Ohio -- Cuyahoga County has secured nearly $18 million in state funding for major cleanup and remediation projects, including money for the Cleveland Metroparks’ plan to create more public greenspace in the Flats.

The awards in Cuyahoga County were among 51 projects receiving a combined $60 million in funding from the state’s Brownfield Remediation Program that was announced Thursday.

🔗 Read More

Cleveland OKs sale of 15 acres on Millcreek Blvd

NEOtrans has learned that the developer of a 30-acre spread of land in suburban Highland Hills isn’t marketing the assembled parcels to a new, job-rich end-user. The reason is that the developer already has one lined up for the land, located in the 22700 block of Millcreek Blvd.

The name of the end-user isn’t known but NEOtrans has learned a little bit about them from a source who spoke on the condition of anonymity. That source described the end-user as a manufacturer that doesn’t currently have a presence in Greater Cleveland.

 🔗 Read More

🏡 Just Sold Spotlight – 3457 W 159th St, Cleveland, OH 44111

• 💰 Sale Price: $233,000 (Sold June 10, 2025)

  📏 Size: 3 beds | 🛁 2 baths | 1,092 sqft

  🌳 Lot Size: 5,558 sq ft

  🛠️ Year Built: 1938

  🚗 Garage: 1-car attached garage

📝 Investor Takeaway

This 1938 colonial-style home in the West Park neighborhood sold for $233K, clocking in at $213 per square foot, outperforming the local median. With a finished basement recreation room, full central air, and move-in ready amenities like stainless appliances, this property appeals to both owner-occupants and investors.

Strong price appreciation (up 55% since its 2018 sale at $150K) reflects rising demand in the area. Its cozy size, solid structure, and well-maintained interior make it a perfect starter home or turnkey rental investment.

🏡 Neighborhood Insight

• Local Median Price: ~$170,000

• List Price/Sqft Median: $123

• Sold Price Median: $185,000

• Average Days on Market: ~23 days

📈 Recent Sales Nearby:

• 3461 W 159th St: $164,900 | 3 bed | 2 bath | 1,503 sqft

• 3465 W 159th St: $199,800 | 3 bed | 2 bath | 1,459 sqft

• 3475 Doris Rd: N/A | 3 bed | 1 bath | 1,403 sqft

📌 Notable Features

1. Finished basement (game room: 20' x 15')

2. Central air + ceiling fans

3. Full set of appliances (washer, dryer, fridge, dishwasher, disposal)

4. Recent tax assessment consistent at ~$3,860

5. Easy access to parks, groceries, and daycares within a mile

💡 Insider’s Insight

Cleveland Real Estate Market Insight: Downtown Office Market Revival

Overview:

Recent reports indicate a resurgence in downtown Cleveland's office market. After years of challenges, including remote work and evolving business needs, occupancy rates are improving. This positive shift signals potential investment opportunities for commercial real estate investors.

What’s Driving the Comeback?

Several key factors contribute to the revival of the downtown office market:

1. Hybrid Work Models

   • As remote work continues, many companies are adopting hybrid work models, requiring office spaces designed for collaboration.

2. Business Relocations

   • Cleveland is attracting more businesses, particularly in healthcare, finance, and tech, thanks to its strategic location and growing reputation.

3. Urban Revitalization Projects

   • Significant investments in infrastructure and amenities are making downtown Cleveland more attractive for businesses and employees.

Opportunities for Investors

• Improved Occupancy Rates: The steady rise in occupancy rates makes now a strategic time for investors to consider acquiring or repurposing office properties.

• Flexible Layouts & Co-working Spaces: As businesses seek adaptable solutions, properties offering these features are in high demand.

Challenges Still Present

• Older Office Buildings: Some older office buildings may struggle without significant upgrades to meet the expectations of modern tenants.

• Competition from Suburban Office Parks: Suburban areas continue to pressure the downtown office market, offering lower rents and more expansive spaces.

Why Cleveland is Worth Watching

Cleveland’s downtown revival reflects a broader trend of mid-sized cities becoming attractive alternatives to larger urban centers. Key benefits include:

• Lower Costs: Cleveland offers more affordable real estate compared to larger cities.

• Talent & Workforce: The city has a strong talent pool, especially in industries like healthcare and tech.

• Quality of Life: Cleveland’s improving amenities and urban infrastructure enhance the quality of life for both businesses and employees.

Looking Ahead

As downtown Cleveland continues to grow, staying informed about market trends and tenant needs will be essential for investors. Cleveland's evolving office market presents a unique growth opportunity for those willing to adapt.

💼 Maximize Your Returns with Tyler Finkler — Cleveland Real Estate Expert

Why Work with Tyler?

• Deep Local Knowledge: Tyler’s extensive understanding of Cleveland’s neighborhoods and market trends ensures you make informed investment decisions.

• Proven Success: From downtown office revivals to suburban growth, Tyler knows where the real opportunities are — and how to capitalize on them.

• Strategic Advice: Whether it’s a buy-and-hold property or a quick flip, Tyler provides tailored strategies to maximize your ROI.

What Tyler Offers:

• Insight into the reviving downtown office market and opportunities in flexible spaces

• Expertise on key residential investment opportunities

• Local Connections with trusted contractors, lenders, and market experts

Don't navigate Cleveland’s real estate market alone! Get in touch with Tyler today and find your next profitable investment.

📲 Tyler Finkler, Appraiser & Realtor
🔗 www.FinklerRealEstateServices.com
📞 216-217-0223
✉️ [email protected]

Let Tyler help you secure your next investment with confidence!

🏡 House of the Week – Traditional, Yet ‘Design-Forward Cape Cod Charm’ in Pepper Pike

19 Brandywood Drive, Pepper Pike, OH 44124

• 💰 Price: $1,080,000

• 📏 Size: 3,562 sq. ft.

• 🏡 Built: 1966

• 🛏 4 Beds | 🛁 2.5 Baths

• 🚗 Garage: 2-Car Attached Garage

• 🌳 Lot Size: 1 Acre

• 🏫 School District: Orange City School District

🧘 Vibes: Modern function meets Cape Cod charm. Sophisticated design details in a home built for comfortable living with an open concept and versatile spaces.

👉 Listed by: Annalie Glazen | Glazen Homes – Berkshire Hathaway HomeServices

📞 216-544-8769 | ✉️ [email protected]

🛠 Tools & Resources We Recommend

• PropStream → Lead generation + property comps

• AirDNA → Short-term rental profitability data

• BiggerPockets Cap Rate Guide → Know how to calculate investment ROI

• Cleveland Housing Court Tracker → Spot eviction risks and distressed deals

• Cleveland Real Estate Investor Facebook Group → Share deals and insights with local investors

📣 Weekly Wrap-Up

Cleveland’s real estate market is staying strong with diverse opportunities for investors. From the resurgence in downtown office spaces, fueled by hybrid work models and urban revitalization projects, to high-demand neighborhoods for buy-and-hold investors, Cleveland continues to offer attractive returns.

This week, we saw signs of life in the downtown office market, with improving occupancy rates and new businesses flocking to the city. For investors eyeing residential properties, the Union-Miles neighborhood remains a great spot for potential flips or long-term rental growth.

Whether you’re focused on commercial or residential properties, Cleveland’s evolving market is full of potential.

Until next week,

Cleveland Real Estate Investors

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