Most listings are in the $10's per square foot per year. The Downtown Allentown submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 34% decrease in rent.
In the last 90 days, 12 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 leases below 2,000 sqft. Most buildings in this area are around 4 floors. 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 occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.