Scranton Pennsylvania Industrial Warehouse Spaces for Rent

Scranton, PA Warehouse Space for Rent.

Scranton, PA is a prime location for businesses seeking warehouse space for rent. The city's strategic position, with access to major highways and transportation hubs, makes it an ideal distribution center. Scranton offers a wide range of warehouse facilities, from small dock-high units to large multi-tenant buildings. These warehouses feature modern amenities such as high-bay ceilings, LED lighting, and efficient HVAC systems. Additionally, Scranton's skilled labor force and affordable operating costs provide a competitive advantage for businesses seeking high-quality warehouse space in Pennsylvania.

Benefits of Scranton's, Industrial Market.

Scranton's Industrial Market Offers:

• Excellent Transportation Infrastructure: Access to major highways, rail lines, and the Scranton/Wilkes-Barre International Airport
• Skilled Workforce: Ample availability of experienced and qualified industrial workers
• Low Operating Costs: Affordable land, labor, and utilities compared to other industrial hubs
• Industrial Zoning: Designated industrial zones with flexible zoning regulations
• Proximity to Markets: Central location within the Northeast corridor, providing easy access to major cities and distribution channels
• Established Industrial Base: Home to a diverse range of established manufacturers and logistics companies
• Access to Capital: Availability of financial incentives and support programs for industrial development

Why Scranton is a Great Place to Locate a Business.

Scranton, Pennsylvania: A Thriving Hub for Businesses

• Affordable Warehousing Costs: Scranton offers competitive rental rates for warehouse space, making it budget-friendly for businesses of all sizes.
• Strategic Location: Situated near major highways and railroads, Scranton provides excellent connectivity to markets in the Northeast and beyond.
• Skilled Workforce: Scranton has a strong labor pool with experience in manufacturing, logistics, and other sectors.
• Favorable Business Environment: The city offers incentives and support programs to attract and retain businesses, including tax abatements and infrastructure improvements.
• Access to Resources: Scranton is home to a variety of business resources, including financial institutions, economic development agencies, and educational institutions.
• Historic Charm: Scranton's historic downtown offers a unique and vibrant setting for businesses seeking a distinctive atmosphere.
• Cultural Amenities: The city boasts a rich cultural scene with museums, theaters, and entertainment venues, catering to the needs of employees and visitors.

Key Industries in Scranton.

• Healthcare: Scranton is home to several hospitals and medical centers, including Geisinger Community Medical Center and Commonwealth Health Regional Hospital of Scranton.
• Education: The city is home to several higher education institutions, including the University of Scranton and Marywood University.
• Manufacturing: Scranton has a long history of manufacturing, with industries such as textiles, electronics, and food processing.
• Tourism: The city is the birthplace of the electric city trolley and is home to several historical landmarks and museums, including the Steamtown National Historic Site.
• Distribution: Scranton's central location and proximity to major highways make it a prime distribution hub for businesses in the region.
• Service Industry: Scranton is home to a variety of service-based businesses, including financial services, telecommunications, and healthcare.
• Retail: The city has a mix of national retail chains and locally-owned shops, offering a wide variety of shopping options.
• Technology: Scranton is home to several technology companies, including software development and data analytics firms.

Demographics.

• Population: 76,842
• Median Age: 33
• Median Household Income: $55,596
• Education: 26.7% of residents have a bachelor's degree or higher.

Market Statistics.

• Vacancy Rate: 10.8%
• Average Asking Rents: $12.50/SF/YR
• Total Inventory: 5,560,000 sq. ft.