Highlights
- The average rent for office space in Bethlehem is $21.12 per square foot, 1.81% lower compared to the previous year.
- The market’s vacancy rate stands at 31.83%, higher than the state average of Pennsylvania, which is 18.29%.
- 45,500 square feet is currently under construction.
2025 Office Space Rent & Sales
- $21.12 2025 Avg. Asking Rent
- -1.81% Y-o-Y Avg. Asking Rent Change
- 31.83% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Bethlehem?
Average asking rents for office space here stand at $21.12 per square foot. The local office market recorded an average vacancy rate of 31.83% in 2025, unchanged from 31.83% in 2024.
Bethlehem, 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.
Bethlehem, PA Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Hanover Township | $22.41 | 37.26% |
| Bethlehem | $14.84 | 33.83% |
Office Construction in Bethlehem, PA
- Bethlehem, PA Total SF under construction in 2026 45,500
What are the largest recent office completions in Bethlehem?
The largest recent office completion here is Gateway at Greenway Park at 125,000 square feet, completed in 2018. The next largest completions are Liberty Center and One Bethlehem Plaza.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Gateway at Greenway Park | 306 New Street, 18015 | 125,000 | 2018 |
| 1 East Broad Street | 1 East Broad Street, 18018 | 88,960 | 2007 |
| 574 Main St | 574 Main St, 18018 | 8,900 | 2007 |
| Liberty Center | 74 West Broad Street, 18018 | 120,688 | 2001 |
| Gateway Professional Center | 2045 Westgate Dr, 18017 | 43,970 | 1984 |
| 60 West Broad Street | 60 West Broad Street, 18018 | 51,383 | 1983 |
| 2158 Avenue C | 2158 Avenue C, 18017 | 23,064 | 1983 |
| 3 West | 3 West Broad Street, 18018 | 99,569 | 1980 |
| One Bethlehem Plaza | 1 West Broad Street, 18018 | 116,900 | 1974 |
| City Line Plaza | 2005 City Line Road, 18017 | 65,000 | 1970 |
See reports for other markets
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- Denver Office Rent Price
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.