CLEVELAND — If you think parking in Downtown Cleveland has gotten more expensive – you’re right.
Average rates have climbed almost 30% from 2018, according to a new study from Cushman & Wakefield-Cresco Real Estate. But the cost of parking varies widely, from $3 a day to $48 a day, depending on where you are and how far you’re willing to walk.
Many lots and garages are bustling in the heart of the city, but there are plenty of empty parking spaces on the outskirts of the central business district. The report depicts a Downtown where demand is shifting – and development is forcing people to adapt.
Since Cresco last surveyed the landscape six years ago, we’ve lost more than 3,000 parking spaces Downtown. That’s the result of demolitions and new construction, including the future Sherwin-Williams Co. headquarters near Public Square and the recently opened Skyline 776 apartment tower at …