Downtown Allentown Sublease

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Downtown Allentown

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
9,440
As of: August 20, 2017

Downtown Allentown Rates

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.

Downtown Allentown Listing Supply

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.

Downtown Allentown Community

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.

Market Report

Trends and status of the commercial real estate market in Downtown Allentown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Allentown.
Research