The typical asking rate per listing is in the $20's per square foot per year. The Downtown Scranton submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $22 per sqft per year.
In the last 90 days, 3 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 900% of the office spaces in the Downtown Scranton are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,630 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this area were built in 1970 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Agriculture is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Downtown Scranton occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.