The typical asking rate per listing is in the $10's per square foot per year. The Downtown Allentown region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 13% decrease in rent.
In the last 90 days, 13 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,360 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market 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 region. 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.