2024 Office Space Rent & Sales
- $22.58 2024 Avg. Asking Rent
- 24.84% 2024 Office Vacancy Rate
Independence office price per square foot in 2024 was $22.58 on average. The local office market recorded an average vacancy rate of 24.84% 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
- Independence Class A & A+ Office Space$23.27
- Independence Class B Office Space$22.35
- Ohio Class A & A+ Office Space$23.67
- Ohio Class B Office Space$18.24
- Ohio Class C Office Space$14.24
Independence, OH Office Asking Rents by Class
2024 Office Vacancy Rates in Independence
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Rockside Corridor | $22.43 | 24.47% |
| Southern Cuyahoga County | $21.69 | 37.92% |
| South | $16.39 | 26.47% |
Office Spaces for Rent in Ohio
- Columbus Office Space
- Cleveland Office Space
- Dayton Office Space
- Akron Office Space
- Dublin Office Space
- Toledo Office Space
- Westerville Office Space
- Newark Office Space
- Gahanna Office Space
- Worthington Office Space
- Upper Arlington Office Space
- Whitehall Office Space
- New Albany Office Space
- Delaware Office Space
Coworking Spaces in Ohio
- New York City Coworking Space
- Manhattan Coworking Space
- Chicago Coworking Space
- Washington Coworking Space
- Brooklyn Coworking Space
- Nashville Coworking Space
- Philadelphia Coworking Space
- Columbus Coworking Space
- Indianapolis Coworking Space
- Cincinnati Coworking Space
- Pittsburgh Coworking Space
- Alexandria Coworking Space
- Detroit Coworking Space
- Louisville Coworking Space
- Memphis Coworking Space
- Cleveland Coworking Space
- Jersey City Coworking Space
- Richmond Coworking Space
- Ann Arbor Coworking Space
- Grand Rapids Coworking Space
- Queens Coworking Space
2024 Office Construction in Independence, OH
| 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 |
| 6600 Schaaf Road | 6600 Schaaf Road, 44131 | 51,109 | 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 |
| 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 |
Worth noting among recent office completions on the Independence market is 5959 Rockside Woods Blvd, which is currently the largest new office development in the city, at 157,600 square feet.
See reports for other markets
- Cincinnati Office Rent Price
- Columbus Office Rent Price
- Cleveland Office Rent Price
- Dayton Office Rent Price
- Akron Office Rent Price
- Toledo Office Rent Price
- Dublin Office Rent Price
- Blue Ash Office Rent Price
- Canton Office Rent Price
- Charlotte Office Rent Price
- Manhattan Office Rent Price
- Dallas Office Rent Price
- San Francisco Office Rent Price
- San Diego Office Rent Price
- Washington Office Rent Price
- Phoenix Office Rent Price
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 CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Independence 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.