Empty downtown office buildings pose a formidable challenge to cities such as San Francisco and D.C. It doesn’t help that construction costs have surged and that interest rates are at a two-decade high. Real estate investments are largely on hold as developers wait for prices to fall. But Cleveland offers hope — and a useful model.
Our year-long project studying how to revive downtowns has identified three keys to success: First, to focus on a few blocks at a time (what urban planners call a “node”). Second, to make it as easy as possible to convert old office towers for new uses, via tax incentives and expedited permitting. Third, to offer unique amenities for residents, workers and tourists. Cleveland did all three in the area around Public Square.
Former mayor Frank Jackson, who served from 2006 to 2022, says that when he entered office, “you could roll a bowling ball downtown after work and you wouldn’t hit anybody. It was a ghost town.” Cleveland epitomized the Rust Belt; businesses were leaving, and […]