Marketlyzer

Analyzing market opportunities

Gathering business intelligence data for your location

Data-Driven Market Intelligence

Best Business Location in Akron

Akron offers 703,000 metro customers, $46,000 average income, and moderate commercial activity—ideal conditions for data-led site selection.

Cost-effective commercial space at $16/sq ft

56 readiness score (C)
703,000 metro residents
$46,000 average income
Schedule Consultation
703K
Metro Population
$46K
Avg Income
Moderate
Business Density
5
Major Industries

Akron Business Environment

Market Insights

  • Cost-effective commercial space at $16/sq ft
  • Located in Ohio, United States with USD currency

Top Industries

Polymers
Healthcare
Manufacturing
Education
Technology

Akron Neighborhood Analysis

Discover the best neighborhoods for your business type in Akron

Akron features diverse neighborhood types: downtown core, business districts, residential areas, and emerging zones

Each district offers distinct advantages for foot traffic, rent costs, and customer demographics

Extended metro area provides 3.7x population reach beyond city limits, supporting suburban expansion strategies

Downtown/City Center

  • • Highest foot traffic density
  • • Premium rental costs
  • • Best for retail & restaurants
  • • Excellent public transport access

Business Districts

  • • High concentration of offices
  • • Ideal for B2B services
  • • Strong weekday traffic
  • • Growing food & beverage demand

Suburban Areas

  • • Lower rental costs
  • • Family-oriented demographics
  • • Ample parking availability
  • • Good for service businesses

Emerging Areas

  • • High growth potential
  • • Lower competition density
  • • Opportunity for early movers
  • • Rising property values

Akron Business Readiness Score

Data-driven viability assessment

C
56
Overall Score
8
market size
12
income level
12
business activity
12
foot traffic
12
growth outlook

Industry Synergy Opportunities in Akron

Top industries creating demand for specific business types

Healthcare

Healthcare clusters attract patients and create medical service demand

Best Business Types:

Medical Clinic Dental Office Pharmacy

Education

Students and faculty drive consistent demand for affordable services

Best Business Types:

Coffee Shop Restaurant Retail Store
Cost Analysis

Cost of Operations in Akron

Financial breakdown for a 1,500 sq ft location

Startup Investment

Basic Setup
3 months rent + basics
$122,000
Standard Buildout
6 months rent + furnishing
$244,000
Premium Finish
12 months rent + premium
$488,000

Monthly Operating

Rent (1,500 sqft) $24,000
Utilities & Services $2,400
Labor (2 employees) $3,680
Total Monthly
Break-even target
$30,080

Cost Insights

Affordable rent at $16/sqft enables competitive pricing strategies

Akron Market Entry Timing

Data-driven signals for optimal business launch timing

25 / 100
Cautious - High Preparation

Challenging market conditions. Extensive market research and unique value proposition essential. Consider waiting 6-12 months or targeting niche segments.

Entry Timing Factors

🎯 Low competition - market leadership opportunity

Frequently Asked Questions about Business in Akron

What makes Akron attractive for new concepts?

Akron pairs moderate commercial density with $46,000 household income and anchors such as Polymers, Healthcare, Manufacturing. Challenging market conditions. Extensive market research and unique value proposition essential. Consider waiting 6-12 months or targeting niche segments.

Where should I prioritize my first site?

Akron features diverse neighborhood types: downtown core, business districts, residential areas, and emerging zones

Which industries create the strongest spillover demand?

Healthcare drives demand for Medical Clinic, Dental Office, Pharmacy, giving new entrants a built-in customer stream.

What operating costs should I plan for?

Expect about $24,000 in monthly rent with total operating costs near $30,080 for a 1,500 sq ft footprint.

Ready to Find Your Perfect Business Location in Akron?

Turn our 56 readiness score and timing signals into a shortlist of proven sites before competitors react.