Toledo Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Toledo is $16.26 per square foot, 1.32% lower compared to the previous year.
  • The average sale price for office space in Toledo is $34.81 per square foot, marking an increase of 32.01% compared to 2024.
  • The market’s vacancy rate stands at 18.68%, lower than the state average of Ohio, which is 22.00%.

2025 Office Space Rent & Sales

  • $16.26 2025 Avg. Asking Rent
  • -1.32% Y-o-Y Avg. Asking Rent Change
  • 18.68% 2025 Office Vacancy Rate
  • $14.2M2025 Total Office Sales
  • $34.81Avg. Sale Price/SF

What is the average asking rent price for office space in Toledo?

Average asking rents for office space here stand at $16.26 per square foot. The local office market recorded an average vacancy rate of 18.68% in 2025, unchanged from 18.68% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $14.2M across 4 sales. These transactions commanded an average sale price per square foot of $34.81.

Toledo, 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.

Toledo, OH Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Toledo was Western Lucas County at 0.00%. Meanwhile, the highest office vacancy rate in the market was 31.61%, recorded in North.
Submarket Asking Rents Vacancy Rates
West $17.32 22.93%
CBD $16.41 22.21%
North $15.83 31.61%
Sylvania - Westgate $14.64 11.64%
Western Lucas County $8.00 0.00%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $34.812025 Avg. Price per SF
  • 32.01%Y-o-Y Avg. PpSF Change
  • $14.2M2025 Office Sales Volume
  • 42025 Number of Transactions

What is the average sale price per square foot for office space in Toledo?

Average sale prices for office space in this market recorded a +32.01% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $34.81 per square foot. For comparison, the statewide Ohio average during the same time period stood at $85.59 per square foot, while the national average was $182.48 per square foot.

Toledo, OH Sale Price per SF Trend

  • Toledo Avg. Sale Price per SF in 2025$34.81
  • Ohio Avg. Sale Price per SF in 2025$85.59

What was the total office sales volume in Toledo in 2025?

The local office market recorded 4 deals in 2025, adding up to a yearly sales volume of $14.2M.

  • Toledo, OH Total Office Sales Volume in 2025 $14.2M
  • Toledo, OH Total Number of Office Sales Closed in 2025 4
Data provided by Yardi Research

Office Construction in Toledo, OH

What are the largest recent office completions in Toledo?

The largest recent office completion here is One SeaGate at 653,421 square feet, completed in 1981. The next largest completions are 4126 N Holland Sylvania Rd and 3425 Executive Pkwy.

Office building Address SF Completed
803 S Byrne Rd 803 S Byrne Rd, 43609 4,301 2007
4126 N Holland Sylvania Rd 4126 N Holland Sylvania Rd, 43623 63,445 2005
2229 West Laskey Road 2229 West Laskey Road, 43613 3,008 1992
1555 S Byrne Road 1555 S Byrne Road, 43614 12,272 1990
7205 Central Avenue 7205 Central Avenue, 43617 8,891 1988
3425 Executive Pkwy 3425 Executive Pkwy, 43606 39,904 1987
710 S Reynolds Rd 710 S Reynolds Rd, 43615 9,971 1987
One SeaGate One SeaGate, 43604 653,421 1981
3131 Executive Parkway 3131 Executive Parkway, 43606 34,344 1980
3131 Executive Parkway 3131 Executive Parkway, 43606 34,344 1980
Data provided by Yardi Research

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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.