The typical asking rate per listing is in the $10's per square foot per year. The Downtown Allentown region is seeing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 8% increase in rent.
In the last 90 days, 12 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. 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 4,390 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 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 region. Commute by walking is the most popular way to get to work amongst Downtown Allentown folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.