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 $14.22 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 15 space(s) available under this type of arrangement.
The local market is also home to 3 retail space(s) offered under a Modified Gross lease agreement type, and 1 Full Service listing(s).
Most Common Type of Lease for Retail Buildings in Lehigh Valley, PA
- NNN
15
- Modified Gross
3
- Full Service
1
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 41 listing(s) within that size range.
You can also search 31 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 9 such space(s) available.
Restaurant spaces listed for rent here have an average size of 2,751 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 2 space(s) listed as Power Center. The average size you can expect to find for this category is 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.
What’s more, you can find 1 listing(s) in the Street Retail category, currently available in the average size of 6,500 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.
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.
Old Fairgrounds 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 3 such listing(s) here.
Lehigh Valley’s second most popular area is Rittersville, where you can find 7 retail listing(s).
Ancient Oak is also among the best areas to search for your next commercial space. Here you can find 6 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.
How much space do you think you will need? A smaller, more specialized business may find a mall space to be more than accommodating, but if you’re looking to set up a business like a diner, car wash, or furniture store, a freestanding space or big box retail space in a shopping center may be more appropriate.
Data based on retail spaces listed for rent on CommercialSearch.com
1706 Main St, Hellertown, PA
3530 Freemansburg Ave, Middletown, Bethlehem, PAProperty
1801 South 12th Street, South Side Allentown, Allentown, PAProperty
3690 Lehigh Street, Hokendauqua, Whitehall, PAProperty
3725 Nicholas Street, Old Orchard, Easton, PA
1070 Applebutter Rd, South Bethlehem, Bethlehem, PAProperty
1241 Blakeslee Boulevard Drive E, Lehighton, PA
714 Grape Street, Fullerton, Allentown, PA
1302 Hanover Avenue, Rittersville, Allentown, PA
1120 S Cedar Crest Blvd, Cedar Crest, Allentown, PA
2920 Easton Avenue, Middletown, Bethlehem, PA
1880 Stefko Blvd Stefko Shopping Center, Central Bethlehem, Bethlehem, PA
1302 Hanover Avenue, Rittersville, Allentown, PA
16 Centre Sq, Downtown Easton, Easton, PAProperty
239 North First Street, Lehighton, PAProperty
4680 Broadway, Cetronia, Allentown, PA
320 S 25th St, Wilson, Easton, PA
1241 Blakeslee Boulevard Drive E, Lehighton, PA
3011 William Penn Highway, Old Orchard, Easton, PA
4680 Broadway, Cetronia, South Whitehall Township, PA