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New Report Predicts Business Growth in Akron

Downtown Akron as seen from the Knight Center
Tim Rudell
/
WKSU
Downtown Akron as seen from the Knight Center
The vacancy rate for office space in downtown Akron continues to fall.
Credit TIM RUDELL / WKSU
/
WKSU
The vacancy rate for office space in downtown Akron continues to fall.

A new analysis finds that the coming year could be a bright one for Akron’s office market.

The Cleveland-based investment company JLL released a study this week, looking into Akron’s leasing, sales, construction and employment rates.

Vice President Warren Blazy says the report shows positive growth for the city based on several new projects and initiatives.

Blazy on what could be improved

“I think the real key here is that, as Andrew mentioned, there’s a lot of vision here and now it’s taking that next step to converting that vision to projects, to new jobs, into growth.”

Andrew Batson is the director of research for JLL. He says the report could help companies already located in Akron and others considering moving there.

Why decide to do the research?

“We represent a lot of buildings down there and it’s important to relay those new trends we’re seeing in the market with those institutional investors.”

According to the report, the vacancy rate has steadily decreased in Akron. It’s down almost 2 percent this time from last year.

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Brandon is a junior journalism major at Kent State University with experience in broadcast, print, visual, radio and digital journalism. During the school year, Bounds works for student media with TV2 and The Kent Stater/Kentwired. Additionally, Bounds is a rising fellow for the Carnegie-Knight national News21 program for the upcoming summer.