Highlights
- The average rent for office space in Independence is $22.95 per square foot, 1.65% higher compared to the previous year.
- The market’s vacancy rate stands at 22.95%, higher than the state average of Ohio, which is 22.00%.
2025 Office Space Rent & Sales
- $22.95 2025 Avg. Asking Rent
- 1.65% Y-o-Y Avg. Asking Rent Change
- 22.95% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Independence?
Average asking rents for office space here stand at $22.95 per square foot. The local office market recorded an average vacancy rate of 22.95% in 2025, unchanged from 22.95% in 2024.
Independence, OH Office Asking Rents by Class
What is the average office rent per square foot by property class in OH?
- Avg. Asking Rent Class A & A+$23.73
- Avg. Asking Rent Class B$18.59
- Avg. Asking Rent Class C$13.83
For comparison, the average rent for Class A and A+ office space in Ohio was $23.73 per square foot. The state-wide average for Class B space was $18.59 per square foot, and Class C office spaces averaged $13.83 per square foot.
Independence, OH Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Rockside Corridor | $22.31 | 21.88% |
| Southern Cuyahoga County | $21.26 | 28.83% |
| South | $16.39 | 25.29% |
Office Construction in Independence, OH
What are the largest recent office completions in Independence?
The largest recent office completion here is Park Center Plaza at 420,000 square feet, completed in 2001. The next largest completions are Crown Centre I and Summit Office Park - Summit Three.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 5959 Rockside Woods Blvd | 5959 Rockside Woods Blvd, 44131 | 157,600 | 2023 |
| Park Center Plaza | 6050-6150 Oak Tree Blvd., 44131 | 420,000 | 2001 |
| Independence Corporate Center | 7100 East Pleasant Valley Road, 44131 | 70,000 | 1999 |
| Beacon Place | 6055 Rockside Woods Blvd North, 44131 | 133,918 | 1997 |
| Freedom Square III | 4511 Rockside Road, 44131 | 71,052 | 1997 |
| Corporate Plaza II | 6480 Rockside Woods Blvd South, 44131 | 103,834 | 1991 |
| Crown Centre I | 5005 Rockside Road, 44131 | 275,000 | 1990 |
| Summit Office Park - Summit Three | 3 Summit Park Drive, 44131 | 164,860 | 1989 |
| Summit Office Park - Summit Four | 4 Summit Park Drive, 44131 | 76,181 | 1989 |
| Metro Center | 6500 Rockside Road, 44131 | 57,000 | 1988 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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.