Akron, OH
Commercial Real Estate Market Trends & Data

$130 Avg asking sale price
$15 Avg asking lease rate
32,788 SF Avg unit lease size
51,768 SF Avg building size for sale
8.81% Average cap rate

Akron's Demographic Profile

Akron has 83,581 households and a median income of $42,487, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 192,351
# Households 83,581
Median age 38
Median household income $42,487
Avg household size 2.0
Renter-occupied housing units 42,500
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Akron, OH

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Akron $121 118,649 SF 7.50%
Barberton $86 2,754 SF 11.69%
Nearby Retail Markets Avg Cost/SF Typical Size
Akron $135 29,360 SF
Kenmore $84 2,452 SF
Barberton $401 27,709 SF
Copley $194 7,492 SF
Norton $375 21,774 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Akron $290 15,461 SF 10.48%
Tallmadge $419 14,327 SF 10.48%

Commercial Properties For Sale in Akron

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

597 E Tallmadge Ave

Akron, OH 44310

  • 9,688 SF Flex Building
  • $450,000
For Sale

1325 S Main St

Akron, OH 44301

  • 9,768 SF Industrial Building
  • $659,000
For Sale

Springfield Lake Apartments

Akron, OH 44312

  • 17,704 SF Multifamily
  • $1,900,000
For Sale

90 N Summit St

Akron, OH 44308

  • 5,969 SF Office Building
  • $550,000
For Sale

Prime .2455 AC Corner Parking Lot

Akron, OH 44308

  • 0.25 AC Lot
  • 1 Commercial Lot
  • $450,000
For Sale

699-711 Canton Rd

Akron, OH 44312

  • 30,847 SF Retail Building
  • 7.50% Cap Rate
  • $2,590,620

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Online Auctions vs. Traditional Sales
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A complete guide to leasehold improvements, including what qualifies, who owns them, how they affect taxes, and how to maximize their value.
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Straight-Line Depreciation in Commercial Real Estate
Understand how straight-line depreciation works, when to use it, and how it affects your after-tax returns across every stage of ownership.
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Small vs. Large Multifamily Real Estate Investing
Compare financing, cash flow, risk, and exit options so you can choose the right property size for your goals.
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Force Majeure Clause
Force Majeure Clause
Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Akron pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Akron $130 51,768 SF
Kenmore $141 11,477 SF
Coventry Township $67 11,878 SF
Barberton $185 13,931 SF
Copley $177 5,415 SF

Regional Demographic Comparison

This comparison places Akron alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Akron or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Barberton 24,859 10,789 42 $46,701 2 4,281 -1%
Copley 16,170 6,365 41 $112,865 3 1,623 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Akron, OH and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Akron

View All Commercial Real Estate For Sale in Akron
Is Akron a good market for a first-time commercial real estate investor?

Akron offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Akron?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Akron. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Akron?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Akron. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Akron compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Akron. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Akron acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Akron, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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