Allentown Office Rent Price & Sales Report

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%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Allentown market was 16.62% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Allentown was 5.76% in the Center City submarket, while the highest office vacancy in the market was 25.75%, recorded in Greater Allentown.

Office Spaces for Rent in Pennsylvania

Coworking Spaces in Pennsylvania

2024 Office Construction in Allentown, PA

Largest Office Properties Recently Completed in Allentown
Office building Address SF Completed
2132-2176 South 12th Street 2132 South 12th Street, 18103 55,245 1977
Downyflake Business Center 2132 South 12th Street, 18103 44,196 1977
667 Union Blvd 667 Union Blvd, 18109 7,356 1961
Hamilton Business Center 1101 W. Hamilton Street, 18101 120,000 1956
1501 Lehigh St 1501 Lehigh Street, 18103 3,334 1953
Trifecta Building 612 West Hamilton Street, 18101 41,364 1910
417 N 14th Street 417 North 14th Street, 18102 24,181 1903

Worth noting among recent office completions on the Allentown market is 2132-2176 South 12th Street, which is currently the largest new office development in the city, at 55,245 square feet.

Data provided by Yardi Research

See reports for other markets

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 Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.