Commercial Real Estate Market in Akron, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
618 active listings and 9,708 off-market properties in Akron, OH. Commercial property asks $179/SF to buy and $20.20/SF/Yr to lease.
Market Trends
Akron, OH spans 142.6 square miles in Summit County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Akron, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Akron, OH runs 6.4% in 2025, up from 5.3% in 2020. Nearly 1.5x the 2023 low of 4.2%.
Vacancy Rate %
Industrial
Industrial vacancy in Akron, OH runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Akron, OH asks $100/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 58.3%
- Commercial 10%
- Planned_development 9.9%
- Civic 3.3%
- Special 0.4%
Largest Zones share of zoned land by district
Single Family
Ordinary Industry District
Commercial
Two Family
Retail Business
Single Family (U-1)
The intent of this zone is to promote singlefamily uses.
Market overview
Demographics & Economy
Akron, OH has 264,004 residents in 126,626 households. Density runs 1,852 people per square mile. Median household income here is $62,488 and median gross rent $1,004 a month.
264,004
Population
126,626
Households
2.1
Avg Household Size
40
Median Age
28%
College-Educated
90%
High-School Grad
142.6 sq mi
ZIP Area
1,852
Density / Sq Mi
$62,488
Median Household Income
$39,779
Median Earnings
$1,004
Median Rent
$154,736
Median Home Value
Tools
Lease vs Buy Breakeven
At $20.20/SF/Yr lease vs $179/SF buy → buying wins if held > 1.1 years.
At a 11.3% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Barberton | — | — |
| Lakemore | — | — |
| Tallmadge | — | — |
| Norton | — | — |
Commercial property in Akron, OH asks $179/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Akron?
Commercial property in Akron, OH asks an average of $179 per square foot. The 5 most recent recorded sales traded at a median of $32/SF, so asking sits 460% above the achieved median. Multifamily carries the highest asking price at $100/SF.
How much does it cost to lease commercial space in Akron?
Asking lease rates in Akron, OH average $20.20 per square foot per year.
Is it cheaper to lease or buy commercial space in Akron?
Buying beats leasing in Akron, OH if the property is held longer than 1.1 years, comparing $20.20/SF/Yr asking rent with $179/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Akron market data come from?
Realmo compiles Akron, OH figures from 6 recent recorded sales, 371 active sale listings, 247 active lease listings, 9,708 tracked off-market properties, the current Akron zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 371 active for-sale and 247 active for-lease listings in Akron, OH. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 33,178 zoned acres across 53 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, industrial vacancy is reported at Midwest region level, multifamily vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
