The typical asking rate per listing is in the $10's per square foot per year. The Downtown Allentown region is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 13% decline in rent.
In the last 90 days, 13 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,360 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this area were built in 1955 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Allentown residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.