Akron, Ohio Commercial Real Estate 0 Listings

Akron, Ohio: A Premier Destination for Commercial Real Estate

Introduction

Akron, Ohio, with its strategic location in the Midwest, is a thriving hub for commercial real estate (CRE) opportunities. Known for its diverse economy and robust industrial base, Akron is home to numerous industry clusters that fuel demand across various property types, including office, industrial, and retail spaces. As one of the largest cities in Ohio, Akron’s unique positioning makes it a compelling choice for CRE professionals seeking to capitalize on its growing market.

Economic and Industry Overview

Akron's economy is anchored by several key industries, including healthcare, manufacturing, and polymer research. The city is part of the northeast Ohio region, often referred to as the "Polymer Valley" due to its concentration of polymer-related businesses. This industrial strength drives demand for industrial and flex spaces. Additionally, Akron's healthcare sector, led by institutions like Summa Health and Akron Children's Hospital, necessitates the development of medical office buildings and related facilities.

Regional economic development initiatives, such as those spearheaded by Greater Akron Chamber, aim to attract and retain businesses, thereby bolstering the demand for CRE.

Strategic Location and Transportation Infrastructure

Akron is strategically positioned with access to major interstates such as I-77, I-76, and I-80, providing excellent connectivity to regional and national markets. The city is serviced by the Akron-Canton Airport, facilitating business travel and cargo distribution. Akron's robust transportation infrastructure, including rail lines operated by CSX and Norfolk Southern, supports its logistics and distribution sectors.

For more details, visit the Ohio Department of Transportation.

Commercial Real Estate Inventory & Zoning

Akron's CRE market includes several key submarkets, such as the Central Business District (CBD) known for its office and retail spaces, and the industrial corridors that serve the manufacturing sector. The city also boasts innovation districts that cater to tech startups and research centers. Key asset classes in Akron include industrial, retail, flex, office, and commercial-grade multifamily properties.

The city's zoning maps and parcel viewers, available through the City of Akron Planning Department, provide valuable insights into zoning changes, overlays, and development incentives.

Major Employers and Institutions

Top employers in Akron include Goodyear Tire & Rubber Company, FirstEnergy Corp, and Summa Health. The University of Akron serves as a major educational and research institution, contributing to the demand for office and mixed-use developments. For a comprehensive list of employers, visit Summit County's Economic Development.

Notable Commercial Developments & Projects

Recent large-scale developments in Akron include mixed-use projects and redevelopment of former industrial sites into innovation parks. The city's involvement in Opportunity Zones presents significant investment opportunities. More information can be found through the Akron Planning Department.

Building Permits, Planning, and Development Tools

For building permits and development tools, Akron provides resources through its Building and Safety Department, Permitting Portal, and GIS Parcel Viewer. The Planning Commission and Development Code are also accessible online.

Market Data & Economic Reports

Public data sets are available through census.gov and Akron’s Open Data Portal. Brevitas utilizes AI-powered aggregation from these public sources to provide comprehensive market insights. Explore Brevitas-powered dashboards for Akron here.

Why Use Brevitas for Akron, Ohio CRE?

Brevitas offers an unparalleled CRE discovery experience in Akron, Ohio, utilizing AI-driven insights, real-time market alerts, and smart property pages. Our platform provides: