Market Center At Hawkins — Lease in Akron, OH

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Akron, OH 44313

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Description

Renovated 1,600 SF Retail / Restaurant Space in Akron's Thriving Wallhaven District. High Visibility at 1 N Hawkins Ave Positioned at one of West Akron’s busiest intersections, this vibrant retail plaza at 1 North Hawkins Avenue offers high visibility, strong co-tenancy, and outstanding access in the heart of the city’s established Wallhaven district. Located at the signalized corner of North Hawkins Avenue, West Market Street, and West Exchange Street, this center draws consistent traffic from nearby residential neighborhoods, professional offices, and regional shopping destinations.

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

Contact

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