Downtown Akron Retail

Downtown Akron

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
5,700
As of: July 19, 2017

Downtown Akron Rates

The typical asking rate per listing is in the $10's per square foot per year. The Downtown Akron region is experiencing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 15% increase in rent.

Downtown Akron Listing Supply

In the last 90 days, 8 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 138% of the office spaces in the Downtown Akron are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 5,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this market were built in 1930 and are Class B.

Downtown Akron Community

A large portion of this region is residential, but there's plenty of office_space. Utilities is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Akron folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Akron.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Akron.
Research