Former Rite Aid Available! — Lease in Akron, OH

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Akron, OH 44319

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Market Context

This retail in Akron, OH is listed for lease. Compare it against other retail listings for lease in Akron, OH — view the full market.

As of Q1 2026, the Cleveland retail market showed a 5.1% vacancy rate, average asking rents near $16.10/SF/yr, rents up 0.7% year over year, and cap rates around 8.8%. Source: Matthews Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Cleveland?
About 8.8% as of Q1 2026, per Matthews.
Is the Cleveland retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$1.98/SF/mo – $2.97/SF/mo

Mid: $2.48/SF/mo

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