2024 Office Space Rent & Sales
- $22.65 2024 Avg. Asking Rent
- 16.62% 2024 Office Vacancy Rate
Allentown office price per square foot in 2024 was $22.65 on average. The local office market recorded an average vacancy rate of 16.62% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Pennsylvania Class A & A+ Office Space$34.29
- Pennsylvania Class B Office Space$25.57
- Pennsylvania Class C Office Space$19.06
Allentown, PA Office Asking Rents by Class
2024 Office Vacancy Rates in Allentown
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Center City | $25.00 | 5.76% |
| South Whitehall Township | $23.84 | 19.07% |
| West Allentown | $18.56 | 12.69% |
| Greater Allentown | $16.85 | 25.75% |
Office Spaces for Rent in Pennsylvania
Coworking Spaces in Pennsylvania
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2024 Office Construction in Allentown, PA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Tower 6 | 600 Hamilton Street, 18101 | 145,000 | 2018 |
| Shops at Cedar Point | 315 South Cedar Crest Blvd, 18103 | 130,500 | 1996 |
| 2132-2176 South 12th Street | 2132 South 12th Street, 18103 | 55,245 | 1977 |
| 667 Union Blvd | 667 Union Blvd, 18109 | 7,356 | 1961 |
| 667 Union Blvd | 667 Union Blvd, 18109 | 7,356 | 1961 |
| 1501 Lehigh St | 1501 Lehigh Street, 18103 | 3,334 | 1953 |
| 806 W Hamilton St | 806 W Hamilton St, 18101 | 8,460 | 1920 |
| 2212 Union Boulevard | 2212 Union Boulevard, 18109 | 1,684 | 1920 |
| 28 N 15th St | 28 N 15th St, 18102 | 3,002 | 1915 |
| 702 West Hamilton Street | 702 West Hamilton Street, 18101 | 49,815 | 1903 |
Worth noting among recent office completions on the Allentown market is Tower 6, which is currently the largest new office development in the city, at 145,000 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Allentown commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.