Akron (Fairlawn), Ohio Commercial Real Estate 0 Listings

Akron (Fairlawn), Ohio: A Premier Destination for Commercial Real Estate

Introduction

Akron (Fairlawn), Ohio, is a flourishing hub for commercial real estate (CRE) investors due to its strategic location, diverse economy, and robust industry clusters. As part of the Greater Akron region, Fairlawn benefits from the city's historical ties to the rubber and tire industries, while also embracing new sectors like healthcare and advanced manufacturing. This unique positioning makes Akron (Fairlawn) a compelling market for diverse commercial property types, from industrial parks to modern office spaces.

Economic and Industry Overview

Akron's economy is anchored by major industries including healthcare, manufacturing, and education. The presence of key players like Summa Health and Goodyear Tire & Rubber Company drives demand for various commercial property types. The region supports a thriving industrial sector, with over 40% of its economy attributed to manufacturing, creating a strong demand for industrial real estate.

The Greater Akron Chamber of Commerce and local economic initiatives actively promote business growth, fostering a dynamic environment for commercial real estate development. Programs such as the Akron BioInnovation Institute focus on expanding the biotech sector, further increasing the demand for specialized office and lab spaces.

Strategic Location and Transportation Infrastructure

Akron (Fairlawn) boasts an advantageous location with excellent transportation infrastructure. Major highways such as I-77 and I-76 provide seamless connectivity to Cleveland, Columbus, and Pittsburgh. The Akron-Canton Airport (CAK) offers convenient air travel options, while the region's robust rail network supports efficient freight movement. These logistical advantages enhance the city's appeal for distribution centers and industrial operators.

Explore the Ohio Department of Transportation for additional resources on the state's transportation infrastructure.

Commercial Real Estate Inventory & Zoning

Fairlawn's commercial real estate market is diverse, with distinct submarkets catering to various asset classes. The Central Business District (CBD) attracts office and retail investments, while industrial corridors are suitable for logistics and manufacturing facilities. The city's innovative zoning changes, such as mixed-use overlays and incentive zones, create opportunities for developers and investors.

Access the City of Akron's Zoning Map for detailed information on zoning and development opportunities.

Major Employers and Institutions

Key employers such as Akron Children's Hospital and FirstEnergy Corp significantly impact the local CRE market by driving demand for office and healthcare-related properties. The University of Akron, a major educational institution, also contributes to the demand for student housing and research facilities.

Refer to the Akron Chamber Business Directory for a comprehensive list of top employers and institutions.

Notable Commercial Developments & Projects

Fairlawn's commercial landscape is evolving with several large-scale development projects. The Fairlawn Corporate Park and the mixed-use development at Summit Mall exemplify the city's commitment to modernizing its commercial offerings. These projects often involve public-private partnerships and are located within designated Opportunity Zones, offering tax incentives to investors.

Visit the Akron Planning Department for updates on current and future developments.

Building Permits, Planning, and Development Tools

For developers, Akron provides essential resources for navigating building and planning processes:

Market Data & Economic Reports

Akron (Fairlawn) offers a wealth of public data for market analysis. Resources such as census.gov and the city's open data portal provide valuable insights into regional demographics and economic trends. Brevitas uses AI-powered aggregation from these public data sources to deliver comprehensive market insights.

Explore Brevitas-powered dashboards for Akron (Fairlawn) here.

Why Use Brevitas for Akron (Fairlawn), Ohio CRE?

Brevitas stands out as the premier marketplace for Akron (Fairlawn) CRE through its AI-driven discovery tools, real-time market alerts, and smart property pages. Our platform offers: