The Lehigh Valley’s commercial real estate scene is ending 2015 on a high note.
The Lehigh Valley Economic Development Corp. has released its year-end quarterly report on commercial real estate, showing vacancy rates in the region’s office, industrial and flex space to be below average.
According to the report, the office vacancy rate in the Lehigh Valley is significantly lower than the national average of 16 percent. The local vacancy rate also has improved from 11.79 percent in the fourth quarter of 2014, to 10.66 percent in the fourth quarter of 2015, with asking rental rates remaining relatively steady.
(via lvb.com)