2024 Office Space Rent & Sales
- $16.48 2024 Avg. Asking Rent
- 3.98% Y-o-Y Avg. Asking Rent Change
- 16.53% 2024 Office Vacancy Rate
Toledo office price per square foot in 2024 was $16.48 on average. This marked a +3.98% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 16.53% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Ohio Class A & A+ Office Space$23.67
- Ohio Class B Office Space$18.24
- Ohio Class C Office Space$14.24
Toledo, OH Office Asking Rents by Class
2024 Office Vacancy Rates in Toledo
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Western Lucas County | $17.64 | 16.47% |
| West | $17.32 | 15.13% |
| CBD | $16.53 | 20.17% |
| Sylvania - Westgate | $15.19 | 4.94% |
Office Spaces for Rent in Ohio
- Columbus Office Space
- Cleveland Office Space
- Dayton Office Space
- Akron Office Space
- Dublin Office Space
- Toledo Office Space
- Westerville Office Space
- Newark Office Space
- Worthington Office Space
- Gahanna Office Space
- Whitehall Office Space
- Upper Arlington Office Space
- Delaware Office Space
- New Albany Office Space
Coworking Spaces in Ohio
- New York City Coworking Space
- Manhattan Coworking Space
- Chicago Coworking Space
- Washington Coworking Space
- Brooklyn Coworking Space
- Nashville Coworking Space
- Philadelphia Coworking Space
- Indianapolis Coworking Space
- Columbus Coworking Space
- Cincinnati Coworking Space
- Pittsburgh Coworking Space
- Alexandria Coworking Space
- Detroit Coworking Space
- Louisville Coworking Space
- Memphis Coworking Space
- Cleveland Coworking Space
- Jersey City Coworking Space
- Richmond Coworking Space
- Ann Arbor Coworking Space
- Grand Rapids Coworking Space
- Queens Coworking Space
2024 Office Construction in Toledo, OH
| Office building | Address | SF | Completed |
|---|---|---|---|
| 7644 Kings Pointe Rd | 7644 Kings Pointe Rd, 43617 | 5,026 | 2014 |
| 7644 Kings Pointe Rd | 7644 Kings Pointe Rd, 43617 | 5,026 | 2014 |
| 7335 Crossleigh Court | 7335 Crossleigh Court, 43617 | 4,782 | 2006 |
| 1801 Richards Road | 1801 Richards Road, 43607 | 46,814 | 1995 |
| 1801 Richards Road | 1801 Richards Road, 43607 | 46,814 | 1995 |
| 3439 Granite Circle | 3439 Granite Circle, 43617 | 17,334 | 1994 |
| 6629 W. Central Avenue | 6629 W. Central Avenue, 43617 | 26,112 | 1990 |
| 7205 Central Avenue | 7205 Central Avenue, 43617 | 8,891 | 1988 |
| 3425 Executive Pkwy | 3425 Executive Pkwy, 43606 | 39,904 | 1987 |
| 6800 W Central Ave | 6800 W Central Ave, 43617 | 4,638 | 1986 |
Worth noting among recent office completions on the Toledo market is 7644 Kings Pointe Rd, which is currently the largest new office development in the city, at 5,026 square feet.
See reports for other markets
- Cincinnati Office Rent Price
- Columbus Office Rent Price
- Cleveland Office Rent Price
- Dayton Office Rent Price
- Akron Office Rent Price
- Dublin Office Rent Price
- Blue Ash Office Rent Price
- Canton Office Rent Price
- San Antonio Office Rent Price
- Atlanta Office Rent Price
- Seattle Office Rent Price
- Austin Office Rent Price
- Charlotte Office Rent Price
- Miami Office Rent Price
- Los Angeles Office Rent Price
- San Francisco Office Rent Price
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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Toledo 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.