2023 Office Space Rent & Sales
- $14.85 2023 Avg. Asking Rent
- 10.85% 2023 Office Vacancy Rate
- $10.8M2023 Total Office Sales
- $27.32Avg. Sale Price/SF
Canton office price per square foot in 2023 was $14.85 on average. The local office market recorded an average vacancy rate of 10.85% across all asset classes combined. The 5 transactions that closed here throughout 2023 amounted to a total sale volume of $10.8M. Canton office space commanded an average sale price per square foot of $27.32.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Ohio Class A & A+ Office Space$24.12
- Ohio Class B Office Space$18.73
- Ohio Class C Office Space$19.85
Canton, OH Office Asking Rents by Class
Canton Office Sale Price per SF
- $27.322023 Avg. Price per SF
- $10.8M2023 Office Sales Volume
- 52023 Number of Transactions
Canton, OH Sale Price per SF Trend
- Canton Avg. Sale Price per SF in 2023$27.32
- Ohio Avg. Sale Price per SF in 2023$81.82
2023 Office Sales Volume
- Canton, OH Total Office Sales Volume in 2023 $10.8M
- Canton, OH Total Number of Office Sales Closed in 2023 5
Coworking Spaces in Ohio
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Office building | Address | SF | Completed |
---|---|---|---|
Hall of Fame Village | 2101 Hall of Fame Way NW, 44798 | 82,000 | 2022 |
Long Creek Commons | 4033 Whipple Ave NW, 44718 | 3,909 | 2007 |
4105 Holiday Street NW | 4105 Holiday Street NW, 44718 | 30,543 | 2000 |
4105 Holiday Street NW | 4105 Holiday Street NW, 44718 | 30,543 | 2000 |
4774 Munson Street NW | 4774 Munson Street NW, 44718 | 37,304 | 1998 |
4911 Munson Street Northwest | 4911 Munson Street Northwest, 44718 | 15,266 | 1998 |
4200 Munson St NW | 4200 Munson St NW, 44718 | 10,536 | 1997 |
4690 Munson Street Northwest | 4690 Munson Street Northwest, 44718 | 19,002 | 1993 |
Higbee Commons | 4825 Higbee Ave NW, 44718 | 41,203 | 1990 |
Higbee Commons | 4825 Higbee Ave NW, 44718 | 41,203 | 1990 |
Worth noting among recent office completions on the Canton market is Hall of Fame Village, which is currently the largest new office development in the city, at 82,000 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Canton commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.