Why you should NOT be WORRIED about the Cleveland Market.

Posted by The Lohser Group Cleveland on Friday, March 21st, 2008 at 6:48pm.

You know?  I read about some negative statistic or gloomy prediction regarding Cleveland just about everyday, so I thought I would write a few words to help people start thinking in a positive and hopeful way about Cleveland as I do.

READ MY LIPS... “There is no doubt in my mind that Cleveland has an extremely bright and prosperous future.”

Cleveland, and Northeast Ohio in general, are experiencing and have been experiencing a transformation the past decade or so.  The way of the big manufacturing industries have been steadily declining and making way for the new face of Cleveland.  Healthcare, information technology and biotechnology are the future, and it’s that simple.

When I read the latest numbers regarding how many people have left Cuyahoga County in the past eight years I am not the least bit surprised.  The reason I am not surprised is because everyday I receive phone calls or emails from people out of state looking for a home close to their new job in Cleveland.  The majority of these callers are typically in the healthcare industry or technology field.  

What the census doesn’t tell you is that although North East Ohio may have seen an overall loss of residents and jobs, many of those people had jobs in industries that are no longer supported by this economy.  At the same time, however, there has been steady job growth in the healthcare, IT, and biotech fields in Cleveland.

People have been down on Cleveland for so long that they fail to see the sort of perfect storm that is occurring in this great City.  It all starts with University Circle and ends with the new Medical Mart.  The deal that was made two days ago to build a Medical Mart/Convention Center downtown could not have been struck at a more perfect time.  Throw in the fact that the Euclid Corridor will soon be up and running and offer a direct link between these two districts and you have an undeniable recipe for success.  

Think about it.  The fastest growing, employing, and teaching center, “Greater” University Circle includes powerhouses such as the Cleveland Clinic and University Hospital.  These are businesses that are dominating their field and expanding faster than buildings can be put up to facilitate the growth.  

The Medical Mart downtown will be a permanent fixture and venue to display the area’s latest innovations and technologies.  This center, when complete, will attract nationwide attention to a city already known as a leader in healthcare.  

We already live in a city that has been labeled one of the most affordable places to live in the United States and just happen to be located on a lake.

You tell me, how you could expect anything less than a bright and prosperous future in Cleveland.  I know I can’t and I look forward to watching it all happen!

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