2023 Office Space Rent & Sales
- $18.88 2023 Avg. Asking Rent
- 20.75% 2023 Office Vacancy Rate
- $11.2M2023 Total Office Sales
- $19.69Avg. Sale Price/SF
Dayton office price per square foot in 2023 was $18.88 on average. The local office market recorded an average vacancy rate of 20.75% across all asset classes combined. The 5 transactions that closed here throughout 2023 amounted to a total sale volume of $11.2M. Dayton office space commanded an average sale price per square foot of $19.69.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Dayton Class A & A+ Office Space$20.18
- Dayton Class B Office Space$18.79
- Ohio Class A & A+ Office Space$24.12
- Ohio Class B Office Space$18.73
- Ohio Class C Office Space$19.85
Dayton, OH Office Asking Rents by Class
2023 Office Vacancy Rates in Dayton
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Wright-Patterson | $21.99 | 12.74% |
East | $20.89 | 24.34% |
I-675 Corridor | $19.52 | 19.65% |
South | $18.93 | 16.31% |
Greene County | $17.91 | 23.56% |
North | $15.77 | 10.68% |
CBD | $14.24 | 26.06% |
Dayton Office Sale Price per SF
- $19.692023 Avg. Price per SF
- $11.2M2023 Office Sales Volume
- 52023 Number of Transactions
Dayton, OH Sale Price per SF Trend
- Dayton Avg. Sale Price per SF in 2023$19.69
- Ohio Avg. Sale Price per SF in 2023$81.82
2023 Office Sales Volume
- Dayton, OH Total Office Sales Volume in 2023 $11.2M
- Dayton, OH Total Number of Office Sales Closed in 2023 5
Coworking Spaces in Ohio
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2023 Office Construction in Dayton, OH
- Dayton, OH Total SF completed in 2023 53,828
- Dayton, OH Total SF under construction in 2024 210,000
During 2023, 53,828 square feet of new office space were delivered across the market. At the close of 2023, the Dayton office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 53,828 square feet of office space. Looking forward, development activity throughout 2024 is estimated to add 210,000 square feet of office space to the market, before year-end.
Office building | Address | SF | Completed |
---|---|---|---|
Dayton Motor Car Building | 15 McDonough Street, 45402 | 81,939 | 2020 |
Miami Valley Research Park - Technology Center IV | 3123 Research Blvd, 45420 | 52,704 | 2008 |
4140 Salem Ave | 4140 Salem Ave, 45416 | 10,543 | 2008 |
5540 Far Hills Avenue | 5540 Far Hills Ave, 45429 | 150 | 2008 |
Wright Point Office Park - 5000 Springfield Street | 5000 Springfield Street, 45431 | 49,424 | 2005 |
Performance Place | 109 North Main Street, 45402 | 49,302 | 2003 |
109 North Main Street #700, 902 & 904 | 109 North Main Street, 45402 | 14,803 | 2003 |
220 East Monument Avenue | 220 East Monument Avenue, 45402 | 150,000 | 2002 |
Medical Office Building in Dayton | 7415 Brandt Pike, 45424 | 6,173 | 2002 |
Park Place - Building 540 | 540 Lincoln Park Blvd, 45429 | 41,389 | 2001 |
Worth noting among recent office completions on the Dayton market is Dayton Motor Car Building, which is currently the largest new office development in the city, at 81,939 square feet.
See reports for other markets
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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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Dayton 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 CommercialEdge can guarantee that the information provided is complete.