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Akron, Ohio

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Cummins Real Estate, Inc.
Last Updated: 27-Oct-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) $ 19.00 $ 23.00 $ 16.50 N/A N/A
Class A (Prime) $ 14.00 $ 19.00 $ 16.00 13.0% N/A
Class B (Secondary) $ 9.50 $ 19.00 $ 14.07 10.0% N/A
 
Suburban Office
New Construction (AAA) $ 17.50 $ 21.00 $ 18.50 N/A N/A
Class A (Prime) $ 14.50 $ 20.00 $ 18.50 13.0% N/A
Class B (Secondary) $ 8.50 $ 14.00 $ 12.00 12.0% N/A
 
Industrial
Bulk Warehouse $ 2.25 $ 4.00 $ 3.25 14.0% N/A
Manufacturing $ 2.75 $ 3.75 $ 3.25 12.0% N/A
High Tech / R&D $ 7.00 $ 8.00 $ 7.50 7.0% N/A
 
Retail
Downtown $ 7.00 $ 17.00 $ 12.00 8.0% N/A
Neigborhood Service Centers $ 6.00 $ 30.00 $ 13.50 14.0% N/A
Community Power Center $ 10.00 $ 17.00 $ 14.00 14.0% N/A
Regional Malls $ 20.00 $ 30.00 $ 25.00 4.0% N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD $ 350,000 $ 525,000
Land in Office Parks $ 140,000 $ 250,000
Land in Industrial Parks $ 60,000 $ 100,000
Office/Industrial Land - Non-park $ 55,000 $ 90,000
Retail/Commercial Land $ 100,000 $ 300,000
Residential $ 15,000 $ 20,000

 

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