What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Ravenna commercial real estate market incorporates 174,274 square feet of office space across 4 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Ravenna commercial real estate market includes 280,330 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Ravenna market, there is a total of 2,258,792 square feet of industrial property.

What types of commercial real estate are available in Ravenna, OH?

The largest share of commercial real estate space for lease in Ravenna is represented by Retail space , which accounts for 4,405 square feet of available listings.

What factors affect the price of commercial real estate in Ravenna, OH?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What are the best areas for commercial real estate in Ravenna, OH?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Ravenna, depending on the property type you are interested in. Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property.

What is the average size of a commercial property in Ravenna, OH?

The average size of a commercial property in Ravenna depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Ravenna, the average size of an office property is 43,569 square feet. Retail properties here incorporate an average of 70,083 square feet. Industrial space in Ravenna is in buildings that are, on average 173,753 square feet in size.

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25 Commercial Real Estate Listings in Ravenna, OH

CRE Market Stats

161 N Chestnut Street

161 N Chestnut Street, Ravenna, OH
For Lease

$2,800.00/MO
Property

Retail

4,405 SF
Availability

1 Space

4,405 SF
View Details (opens in new window)
446 West Lake Street

446 West Lake Street, Ravenna, OH
For Sale

$1,100,000
Property

Industrial

47,592 SF
Year Built

1948
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100 Romito Street

100 Romito Street, Ravenna, OH
For Lease

$3.75/SF/YR
Property

Industrial

59,130 SF
Availability

1 Space

25,005 SF
Year Built

1901
View Details (opens in new window)
161 N Chestnut Street

161 N Chestnut Street, Ravenna, OH
For Sale

$350,000
Property

Retail

4,405 SF
View Details (opens in new window)
215 W Lake Street

215 W Lake Street, Ravenna, OH
For Sale

$125,000
Property

VacantLand
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South Diamond Street

South Diamond Street, Ravenna, OH
For Sale

$80,000
Property

VacantLand

3.2 Acre
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2594 OH-59

2594 OH-59, Kent, OH
For Lease

Contact for pricing
Property

VacantLand

2 Acre
Availability

1 Space

2 Acre
View Details (opens in new window)
Off Market
2600 State Route 59

2600 State Route 59, Ravenna, OH
Property

Retail

191,340 SF
Year Built

1996
Off Market
University Hospitals Portage Medical Center - Medical Arts Building

6847 North Chestnut Street, Ravenna, OH
Property

Office

34,336 SF
Year Built

2000
Off Market
785 North Freedom Street

785 North Freedom Street, Ravenna, OH
Property

Industrial

80,344 SF
Year Built

1952
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Off Market
5245 South Prospect Street

5245 South Prospect Street, Ravenna, OH
Property

Industrial

180,220 SF
Year Built

1962
Off Market
7176 State Route 88

7176 State Route 88, Ravenna, OH
Property

Industrial

102,280 SF
Year Built

2003
Off Market
6800 North Chestnut Street

6800 North Chestnut Street, Ravenna, OH
Property

Industrial

172,000 SF
Year Built

1971
Off Market
5159 South Prospect Street

5159 South Prospect Street, Ravenna, OH
Property

Industrial

208,007 SF
Year Built

1993
Off Market
1300 North Freedom Street

1300 North Freedom Street, Ravenna, OH
Property

Industrial

350,894 SF
Year Built

1973
Off Market
701 & 705 Oakwood Street

705 Oakwood Street, Ravenna, OH
Property

Office

60,438 SF
Year Built

1901
Off Market
7154 State Route 88

7154 State Route 88, Ravenna, OH
Property

Industrial

109,100 SF
Year Built

1991
Off Market
909 East Main Street

909 East Main Street, Ravenna, OH
Property

Retail

80,180 SF
Year Built

2000
Off Market
Menards Constructing Component Plant

SWC Peck Road & State Route 88, Ravenna, OH
Property

Industrial

200,000 SF
Off Market
150 Loomis Pkwy

150 Loomis Pkwy, Ravenna, OH
Property

Industrial

462,174 SF
Year Built

1964
Off Market
Akron Children's Hospital - Portage County

2497 State Route 59, Kent, OH
Property

Office

29,500 SF
Year Built

2020
Off Market
975 North Freedom Street

975 North Freedom Street, Ravenna, OH
Property

Industrial

161,000 SF
Year Built

1968
Off Market
350 North Diamond Street

350 North Diamond Street, Ravenna, OH
Property

Industrial

128,107 SF
Year Built

1956
Off Market
228 South Sycamore Street

228 South Sycamore Street, Ravenna, OH
Property

Industrial

57,074 SF
Year Built

1890
Off Market
University Hospitals Portage Medical Center - Robinson Professional Center

6847 North Chestnut Street, Ravenna, OH
Property

Office

50,000 SF
Year Built

2007