Scranton, Pennsylvania, is a city that offers a unique blend of industrial heritage, cultural diversity, and recreational activities, making it an attractive location for businesses and individuals alike. With a Commercial Real Estate Property For Lease, entrepreneurs and companies can tap into the city's economic potential, which is driven by its diverse range of industries, including healthcare, academia, and manufacturing. The city's infrastructure, including the County of Lackawanna Transit System (COLTS) and the Wilkes-Barre/Scranton International Airport, provides easy access to major markets and destinations. Additionally, Scranton's educational institutions, such as The University of Scranton and Marywood University, contribute to a skilled workforce, while its amenities, including the Lackawanna County Library System and Nay Aug Park, enhance the quality of life for residents and visitors. With its rich history, cultural attractions, and economic opportunities, Scranton is an ideal location for businesses looking to establish a strong presence in Northeastern Pennsylvania.
Scranton's Commercial Real Estate market offers a range of options for businesses, with 60 listings available For Lease. The average annual rent per square foot is $16 USD, with a minimum of $1 USD and a maximum of $147 USD. The average size of these properties is 71,704 square feet, with a minimum of 93 square feet and a maximum of 1,184,000 square feet. In addition to Commercial Real Estate, Scranton also offers Office Space, Coworking Space, Retail Space, and Industrial properties, each with its unique characteristics and advantages. Office Space is ideal for businesses that require a professional setting, while Coworking Space provides a collaborative environment for startups and entrepreneurs. Retail Space is perfect for businesses that need to connect with customers, and Industrial properties offer a range of options for manufacturing and logistics companies. With its diverse range of properties and economic opportunities, Scranton is an attractive location for businesses looking to establish a strong presence in Northeastern Pennsylvania.
What factors should I consider when leasing commercial real estate?
When leasing commercial real estate in Scranton, Pennsylvania, there are several key factors to consider, including:
- Average annual rent per square foot, currently at $16 USD, and the average size of available listings, which is approximately 71,704 square feet, to ensure you're getting a fair deal.
- The maximum space size available, which is around 1,184,000 square feet, to accommodate your business needs.
- The local economy, infrastructure, and amenities, such as the Wilkes-Barre/Scranton International Airport, major highways, and recreational activities like skiing at Montage Mountain Ski Resort, which can impact the success of your business.
How do I determine the right size and type of commercial property to rent for my business needs?
When determining the right size and type of commercial property to rent for your business needs in Scranton, it's essential to consider factors such as the number of employees, equipment requirements, and storage needs. With 60 available listings of commercial real estate for lease in Scranton, you'll want to narrow down your options by identifying your specific requirements.
- Assess your business's spatial needs by calculating the square footage required per employee, taking into account workstations, meeting rooms, and common areas. For example, if you need 1,000 square feet for 10 employees, you may want to look for properties with a minimum size of 71,704 square feet.
- Consider the type of commercial property that aligns with your business operations, such as office space, retail, warehouse, or industrial. Scranton's diverse economy, with major sectors in healthcare, academia, and manufacturing, offers a range of property types to suit various business needs.
- Evaluate the property's location and accessibility, taking into account proximity to major transportation hubs, such as the Wilkes-Barre/Scranton International Airport, and highways like Interstate 81 and Interstate 84, which connect Scranton to surrounding cities and regions.
