“Many commercial properties, particularly office buildings, have significantly lost value since the pandemic, and the new appraisals may not fully reflect this devaluation.
In addition, residential property values in Cleveland are expected to increase 49%. Values in other Cuyahoga County communities are expected to increase similarly: Cleveland Heights – 44%; East Cleveland – 67%; Garfield Heights – 52%; Newburgh Heights – 66%; Maple Heights – 59%.”…Thompson Hine