Commercial Real Estate Market in Allentown, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
567 active listings and 6,773 off-market properties in Allentown, PA. Commercial property asks $163/SF to buy and $14.50/SF/Yr to lease.
Market Trends
Allentown, PA spans 59.6 square miles in Lehigh County, Pennsylvania. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Allentown, PA asks $18.92/SF/Yr to lease, and the average asking price across Lehigh County is $171/SF. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail space in Allentown, PA asks $26.31/SF/Yr to lease, and the average asking price across Lehigh County is $208/SF. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Allentown, PA runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Multifamily
Across Lehigh County, multifamily space asks $170/SF to buy. Multifamily vacancy in Allentown, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 49.4%
- Open space 18.2%
- Industrial 16.4%
- Commercial 7.6%
- Civic 7.4%
- Mixed use 1%
Largest Zones share of zoned land by district
Allentown, PA zones 11,548 acres across 18 districts. Commercial zoning covers 7.6% of zoned land, residential 49.4%, open space 18.2% and industrial 16.4%. The largest single district is Park at 18.2%. For commercial buyers the practical constraint is that only 24% of land carries a commercial or industrial designation.
The purpose of this district is to primarily recognize public recreation land, cemeteries and public/semipublic open spaces.
Market overview
Demographics & Economy
Allentown, PA has 178,714 residents in 70,061 households. Density runs 2,998 people per square mile. Median household income here is $66,983 and median gross rent $1,377 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Catasauqua | $109 | — |
| Whitehall | $119 | $18.00 |
| Emmaus | $180 | $16.00 |
| Coplay | $141 | — |
Commercial property in Allentown, PA asks $163/SF. The 4 bordering markets run from $109/SF in Catasauqua to $180/SF in Emmaus, and the city sits above their $130/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Allentown?
How much does it cost to lease commercial space in Allentown?
How does Allentown compare to nearby markets on price?
What zoning applies to commercial property in Allentown?
Where does Realmo's Allentown market data come from?
Methodology & data sources
- Asking prices and medians
- There are 203 active for-sale and 364 active for-lease listings in Allentown, PA. The medians are based on 122 of the for-sale and 134 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 11,548 zoned acres across 18 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
