On average, listings lease in the $10's per square foot per year. The Downtown Akron submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 11% decline in rent.
In the last 90 days, 11 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,160 sqft. Most buildings in this region are close to 3 floors. Most buildings in this region were built in 1930 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Utilities is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Akron residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.