Markets · Akron, OH MSA

Akron Industrial Market Report

Bluebird CRE Research · As of 2026 Q1 · Data: CoStar Group, www.costar.com

A polymer- and rubber-rooted manufacturing market with low-cost, functional industrial inventory.

5.5%
Vacancy
$7.13/SF
Asking Rent
$5.89/SF
NNN Rent
-1.3M SF
Net Absorption (12 mo)
427K SF
Under Construction
10.0%
Market Cap Rate

Asking Rent / SF

2016–2026

Now $7.13 · +2.2% YoY

Vacancy Rate

2016–2026

Now 5.5%

Net Absorption (12 mo)

2016–2026

Now -1.3M SF

Annual figures through 2026 Q1. Source: CoStar Group, www.costar.com.

Market overview

As of 2026 Q1, Akron industrial vacancy stands at 5.5% with asking rents near $7.13/SF. The market absorbed -1.3M SF over the trailing year, and investment sale pricing implies roughly a 10.0% cap rate. Those are the figures that frame how we underwrite here.

Bluebird's read

A polymer- and rubber-rooted manufacturing market with low-cost, functional industrial inventory. Bluebird targets functional small-bay and IOS product here at a basis below replacement cost, with leasing and mark-to-market as the value-add levers.

Economy

Population
700,632
Total employment
337,470
Industrial employment
53,783
Median HH income
$73,715

Key submarkets

  • • I-76/77 Corridor
  • • Copley
  • • Green
  • • Stow

Representative tenants

  • • Amazon
  • • Goodyear
  • • FedEx
  • • Babcock & Wilcox

Explore other markets

Cincinnati, OH
4.8% vacancy · $7.53/SF
Cleveland, OH
4.3% vacancy · $6.71/SF
Columbus, OH
6.5% vacancy · $8.41/SF

Market data sourced from CoStar Group, www.costar.com (as of 2026 Q1); figures are point-in-time estimates and forecasts are not guarantees. Provided for informational purposes only and not an offer to sell securities. Past performance does not guarantee future results.

Invest in Akron industrial with Bluebird

Bluebird works with accredited investors and family offices on value-add Midwest industrial. Request access to current and upcoming opportunities — and our quarterly market reports.

Invest With Us