Lehigh Valley Commercial Real Estate
The Lehigh Valley – Rapid Growth and Quality Commercial Real Estate Property
The Lehigh Valley – the fastest growing region in Pennsylvania and the third-most-populous metropolitan area in the state – is a hotbed of business success, containing a plethora of attractive tracts of commercial real estate for sale or lease.
Officially known as the Allentown–Bethlehem–Easton Metropolitan Statistical Area, the Lehigh Valley consists of the counties of Carbon, Lehigh, and Northampton. As of the 2010 Census, the region had more than 821,000 residents, an increase of 11 percent from the 2000 number of nearly 740,000. It ranks behind only the Philadelphia and Pittsburgh metropolitan areas in population in the Keystone State.
One reason for this growth is the number of new and established corporations that have made their home in the Lehigh Valley, which sits a mere 90 minutes from both New York and Philadelphia. Among the largest, and most prestigious, of these firms are Amazon and Federal Express, both of which have major office and warehouse operations in the region.
Amazon’s corporate leaders have consistently praised the region for its commitment to business investments and incentives. They cite the business-friendly environment in the Lehigh Valley as the main reason for the company’s continued expansion and increased hiring. Similarly, Federal Express has selected the region as the site for its new FedEx Ground shipping terminal, a $335 million facility that, when it opens late in 2018, will be the largest of its kind in the country.
Many other well-known corporations – such as Air Products & Chemicals, BMW, Bridgestone, Coca-Cola, Crayola, Home Depot, J. C. Penney, Mack Trucks, Nestlé Purina, ShopRite, True Value, and Zulily have either headquarters, warehouse, or shipping operations in the Lehigh Valley. In addition, Ocean Spray produces 40 percent of its total national beverage volume in the area and, thanks to the lack of an excise tax on cigars, the region also is home to some of the United States’ largest cigar distributors.
All this growth has attracted national attention as Site Selection magazine calls the Lehigh Valley the second-best performing region of its size for economic development in the United States, while Fortune places the three-county area among the top 10 best places in the U.S. to locate corporate finance and information technology offices.
Also helping to fuel this economic growth is the strong educational background a number of prestigious Lehigh Valley four-year colleges provides to its residents. These include Muhlenberg College and Cedar Crest College in Allentown, Lehigh University and Moravian College in Bethlehem, Penn State Lehigh Valley and De Sales University in Center Valley, and Lafayette College in Easton.
A number of major business, entertainment, and sports figures also hail from the Lehigh Valley, including the father/son professional race car team of Mario and Michael Andretti; Pro Football Hall of Fame member Chuck Bednarik; Star Trek: The Next Generation actor Jonathan Frakes; former heavyweight boxing champion Larry Holmes; former Chrysler Corporation chairman Lee Iacocca; actor and former professional wrestler Dwayne “The Rock” Johnson; fashion consultant and TV personality Carson Kressley; model and actress Amanda Seyfried; and the actress/wife of actor Ben Stiller, Christine Taylor.
When you are in the market for Lehigh Valley commercial real estate, contact Wolf Commercial Real Estate. WCRE, a full-service CORFAC International brokerage and advisory firm, is the foremost Lehigh Valley commercial real estate broker that provides a full range of Lehigh Valley commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Lehigh Valley commercial properties for buyers, tenants, investors and sellers.