The typical asking rate per listing is in the $10's per square foot per year. The Downtown Allentown submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 34% decline in rent.
In the last 90 days, 12 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 75% of the listings in the Downtown Allentown are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 9,440 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this region 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 folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.