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Renovated Office Building with Parking
For Lease
$13.50 SF/Yr

147 North 5th Street, Reading, PA 19601

High-profile office building in downtown Reading with heated parking.

Space Size2,073 SF
Property Size12,000 SF
Days on Market271

Property Features for 147 North 5th Street

General Information

Standard status Active
Size 2,073 SF
Class B
Property subtype Office
Lease Term Gross

Building Details

Building Size 12,000 SF

Spaces For Lease

at 147 North 5th Street Contact us

3rd floor $13.50/SF/Yr

Size
2,073 SF
Term
Negotiable
Contact us
Listing Agency:
Listed By: Kyle McKechnie, SIOR
Source: Naiglobal
Added: Nov 21, 2025 Changed: Aug 8 Last Checked: Aug 8 at 4:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kyle McKechnie, SIOR

Investment Insights

Based on property information with market context.

This office building, situated in a high-profile location, underwent a complete renovation in 2020. The property features an attached heated parking garage. It is located in downtown Reading, Pennsylvania, on North 5th Street, between Washington and Walnut Streets. The property size is 12000 square feet.

Key Highlights

  • Fully renovated in 2020
  • High profile location
  • Attached heated parking garage

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Skin Care Clinic Garden Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.03 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,904
Businesses Nearby

Demographics for 19601, PA

35,477
Population
14,024
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
73%
High-School Grad
3.8 sq mi
ZIP Area
9,336
Density / Sq Mi
$41,133
Median Household Income
$30,433
Median Earnings
$986
Median Rent
$110,700
Median Home Value

Market

Lease Benchmarks for Reading, PA

$15.67 /SF/Yr
Avg Asking Price
$13.5–$17 /SF/Yr
Price Range
26,066 SF
Avg Space Size

This space is priced 14% below the average of $15.67 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - High-profile office building in downtown Reading with heated parking.
Where is this office building located?
The property is located at 147 North 5th Street Reading, PA.
What is the lease rate?
The lease rate is $13.50 SF/Yr.
What are key features of this property?
This property features: Fully renovated in 2020; High profile location; Attached heated parking garage
More about this property
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