Allentown Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Allentown is $23.07 per square foot, 1.85% higher compared to the previous year.
  • The average sale price for office space in Allentown is $263.46 per square foot, marking an increase of 193.59% compared to 2024.
  • The market’s vacancy rate stands at 16.17%, lower than the state average of Pennsylvania, which is 18.29%.

2025 Office Space Rent & Sales

  • $23.07 2025 Avg. Asking Rent
  • 1.85% Y-o-Y Avg. Asking Rent Change
  • 16.17% 2025 Office Vacancy Rate
  • $120.2M2025 Total Office Sales
  • $263.46Avg. Sale Price/SF

What is the average asking rent price for office space in Allentown?

Average asking rents for office space here stand at $23.07 per square foot. The local office market recorded an average vacancy rate of 16.17% in 2025, unchanged from 16.17% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $120.2M across 5 sales. These transactions commanded an average sale price per square foot of $263.46.

Allentown, PA Office Asking Rents by Class

What is the average office rent per square foot by property class in PA?

  • Avg. Asking Rent Class A & A+$35.64
  • Avg. Asking Rent Class B$25.85
  • Avg. Asking Rent Class C$19.18

For comparison, the average rent for Class A and A+ office space in Pennsylvania was $35.64 per square foot. The state-wide average for Class B space was $25.85 per square foot, and Class C office spaces averaged $19.18 per square foot.

Allentown, PA Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Allentown was South Whitehall Township at 7.95%. Meanwhile, the highest office vacancy rate in the market was 35.98%, recorded in Greater Allentown.
Submarket Asking Rents Vacancy Rates
South Whitehall Township $25.41 7.95%
West Allentown $18.56 13.27%
Greater Allentown $16.50 35.98%
Data provided by Yardi Research

Explore Top Office Markets in Pennsylvania

2025 Office Sales Volume

  • $263.462025 Avg. Price per SF
  • $120.2M2025 Office Sales Volume
  • 52025 Number of Transactions

What is the average sale price per square foot for office space in Allentown?

Average sale prices for office space in this market recorded a +193.59% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $263.46 per square foot. For comparison, the statewide Pennsylvania average during the same time period stood at $95.58 per square foot, while the national average was $182.48 per square foot.

Allentown, PA Sale Price per SF Trend

  • Allentown Avg. Sale Price per SF in 2025$263.46
  • Pennsylvania Avg. Sale Price per SF in 2025$95.58

What was the total office sales volume in Allentown in 2025?

The local office market recorded 5 deals in 2025, adding up to a yearly sales volume of $120.2M.

  • Allentown, PA Total Office Sales Volume in 2025 $120.2M
  • Allentown, PA Total Number of Office Sales Closed in 2025 5
Data provided by Yardi Research

Office Construction in Allentown, PA

What are the largest recent office completions in Allentown?

The largest recent office completion here is Hamilton Business Center at 120,000 square feet, completed in 1956. The next largest completions are Downyflake Business Center and Beautifully Renovated Office Building for Sale.

Office building Address SF Completed
Downyflake Business Center 2132 South 12th Street, 18103 44,196 1977
2211 Mack Boulevard 2211 Mack Boulevard, 18103 9,474 1975
Beautifully Renovated Office Building for Sale 1213-1225 Hamilton Street, 18102 42,684 1970
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
333 W Union Street 333 W Union Street, 18102 17,325 1940
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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.