Retail Space Rents in Lehigh Valley, PA
Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Lehigh Valley asks $13.87 per square foot.
Retail Space Lease Types in Lehigh Valley, PA
The most common type of lease agreement you’ll find here is NNN, with 19 space(s) available under this type of arrangement.
The local market is also home to 4 retail space(s) offered under a Modified Gross lease agreement type, and 2 Full Service listing(s).
Most Common Type of Lease for Retail Buildings in Lehigh Valley, PA
- NNN
19
- Modified Gross
4
- Full Service
2
Average Size of Retail Space for Lease in Lehigh Valley, PA
The average size for this type of rental opportunity in Lehigh Valley is more than 5,000 sqft. Currently, the local market offers 63 listing(s) within that size range.
You can also search 45 listing(s) in the 1,000 sqft to 2,500 sqft range.
It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.
Retail Space Types You Can Lease in Lehigh Valley, PA
Retail space in Lehigh Valley comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Restaurant and you can find 10 such space(s) available.
Restaurant spaces listed for rent here have an average size of 4,493 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.
The local market is also home to 3 space(s) listed as Freestanding. The average size you can expect to find for this category is 2,568 square feet. Freestanding retail spaces or buildings are a great choice for businesses that need more room to carry out their day-to-day operations and want to stand out. Being located on their own lot and generally featuring more generous showroom and storage space than other such space types, freestanding retail offers tenants the leeway to build the experience they want.
What’s more, you can find 2 listing(s) in the Power Center category, currently available in the average size of 6,482 square feet. Power centers bring together large anchor tenants as well as smaller retail spaces for other businesses that want a piece of the great foot traffic that this type of shopping center can generate.
However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.
Top Locations to Lease Retail Space in Lehigh Valley, PA
In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.
Clearview Manor is your top choice for lease opportunities, as it is currently home to the highest number of listings — 9 retail space(s).
The most popular space type here is Restaurant.
You can find 2 such listing(s) here.
Lehigh Valley’s second most popular area is Summer Field Estates, where you can find 8 retail listing(s).
Kaywin is also among the best areas to search for your next commercial space. Here you can find 8 retail space(s) available for consideration by prospective tenants.
Key Factors to Consider When Choosing a Retail Space for Lease
When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.
Data based on retail spaces listed for rent on CommercialSearch.com
394 W Berwick St, Southside Easton, Easton, PAProperty
1302 Hanover Avenue, Rittersville, Allentown, PA
3530 Freemansburg Ave, Middletown, Bethlehem, PAProperty
74 West Broad Street, Central Bethlehem, Bethlehem, PAProperty
1241 Blakeslee Boulevard Drive E, Lehighton, PA
3440 Grandview Dr, Summer Field Estates, Macungie, PA
1070 Applebutter Rd, South Bethlehem, Bethlehem, PAProperty
5851 NorBath Blvd, East Allen, Bath, PAProperty
4680 Broadway, Cetronia, Allentown, PA
1095 Macarthur Road, Fullerton, Whitehall, PAProperty
3011 William Penn Highway, Old Orchard, Easton, PA
306 New Street, South Bethlehem, Bethlehem, PAProperty
3725 Nicholas Street, Old Orchard, Easton, PA
3369 Pennsylvania 100, Ancient Oak South, Macungie, PA
239 North First Street, Lehighton, PAProperty
1302 Hanover Avenue, Rittersville, Allentown, PA
4680 Broadway, Cetronia, Allentown, PA
1120 S Cedar Crest Blvd, Cedar Crest, Allentown, PA
1880 Stefko Blvd Stefko Shopping Center, Central Bethlehem, Bethlehem, PA
1241 Blakeslee Boulevard Drive E, Lehighton, PA