Research

The Economic Impact
of Public Square:
A Case Study

Examining the commercial real estate impact of the $50 million redesign of downtown Cleveland’s Public Square

October 18, 2019

The redesign of Cleveland’s Public Square wasn’t easy. After 8 years of planning, 15 months of construction and $50 million in funding, Public Square is a lively, green oasis in the middle of the urban core. Serving as a primary transit hub for the region and engaging green space for downtown Cleveland’s residents and employees, Public Square also spurred higher occupancy rates, building sales and $1.2 billion in investment in adjacent properties.  

In our new study, we break down Public Square's impact in detail, highlighting factors like new construction, residential population growth, office investment and retail occupancy.

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