Akron Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $19.51 2024 Avg. Asking Rent
  • 2.13% Y-o-Y Avg. Asking Rent Change
  • 11.36% 2024 Office Vacancy Rate

Akron office price per square foot in 2024 was $19.51 on average. This marked a +2.13% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 11.36% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Akron Class A & A+ Office Space$20.81
  • Akron Class B Office Space$16.43
  • Ohio Class A & A+ Office Space$23.67
  • Ohio Class B Office Space$18.24
  • Ohio Class C Office Space$14.24

Akron, OH Office Asking Rents by Class

2024 Office Vacancy Rates in Akron

Submarket Asking Rents Vacancy Rates
Akron $20.84 14.95%
South Summit County $9.41 26.15%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Akron market was 11.36% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Akron was 14.95% in the Akron submarket, while the highest office vacancy in the market was 26.15%, recorded in South Summit County.

Office Spaces for Rent in Ohio

Coworking Spaces in Ohio

2024 Office Construction in Akron, OH

Largest Office Properties Recently Completed in Akron
Office building Address SF Completed
1627 Krumroy Road 1627 Krumroy Road, 44306 4,600 2024
The 159 Main 159 South Main Street, 44308 205,000 2021
701 White Pond Drive 701 White Pond Drive, 44320 44,587 2010
Neuroscience Center 701 White Pond Drive, 44320 44,587 2010
219 S Main St 219 S Main St, 44308 27,832 2010
755 White Pond Drive 755 White Pond Drive, 44320 45,427 2005
755 White Pond Drive 755 White Pond Dr., 44308 45,026 2005
450, 460 & 470 White Pond Drive 450 White Pond Drive, 44320 37,360 2000
White Pond Corporate Park White Pond Drive, 44320 10,590 1999
308 North Cleveland Massillon Road 308 North Cleveland Massillon Road, 44333 8,856 1993

Worth noting among recent office completions on the Akron market is 1627 Krumroy Road, which is currently the largest new office development in the city, at 4,600 square feet.

Data provided by Yardi Research

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Akron commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.