The Development Trends series highlights areas where investment is occurring around transit lines (within TOD Walksheds) to show how transit can tie together housing, jobs, shopping, and more.
The Development Trends reports are annual reports that identify projects that add more than $1 million in building value over a one-year period along the 22 TOD corridors in Cuyahoga County. These reports serve to show trends in TOD investment in Cuyahoga County.
It is important to note that developments within TOD Walksheds do not necessarily conform to principles of transit-oriented development: they may not be close to the street, with interesting first floors, or have a mix of uses—which all contribute to a vibrant street. By combining ongoing investment with stronger TOD zoning, we can foster a more transit, pedestrian, and bike-friendly county.
2024 Edition: Development Trends on TOD Corridors
The 2024 Edition of the Development Trends on TOD Corridors report looks at data between 2014 and 2023. Data from this time period confirms that the Covid-19 Pandemic deeply affected the construction industry and that the County is quickly recovering. New investments in TOD walksheds are at their highest point in the past decade, but future development is likely to slow as inflation and high interest rates limit new construction.
Core findings from the report include:
- From 2014 to 2023, $3.1 billion worth of building value was added through development within TOD Walksheds. This accounted for approximately 55% of the total building value added in all of Cuyahoga County.
- In 2023, $465 million was invested within TOD Walksheds, which is higher than any year in the past decade, showing a full recovery within TOD walksheds.
- Investment is heavily concentrated in certain cities and neighborhoods. Of all investment in TOD walksheds in the past decade, 77.7% occurred in the City of Cleveland and 42.1% of that investment occurred in Downtown Cleveland. Other areas with significant investment include Ohio City, University Circle, and Chagrin Highlands.
Previous Development Trends Documents
Data & Sources
Data in this document comes from the Cuyahoga County Fiscal Office, which maintains a complete historical record of all property transactions; maintains records of property ownership, valuation, and taxation; and collects special assessments for public improvements. Specifically, this document uses the Fiscal Office’s Delta Track data, which shows the change in valuation data from one year to the next.
Developments in this report include only those projects which added more than $1 million in building value over the course of a year, and the data may not include certain tax-exempt projects for which significant portions of value are abated or exempt. This document does not account for changes in land value and analyzes only the value added to the buildings included in each new development during construction or renovation.
Throughout the report, references may be made to developments, major developments, and projects—these terms are interchangeable and in all cases are referencing developments with added building value of more than $1 million over a one-year time frame.