Do you Really Believe in the NIZ, Allentown PA

[Shane Shoemaker]

Attn Allentown PA Investors, Do you really believe in the NIZ, is Allentown stuck in the mud, and do you think people in Lehigh Valley actually would want to live/work/play in downtown Allentown?

I ask because I have an opp to purchase a 22k sqft old warehouse near the NIZ (north of Hamilton, West of 7th) and the building needs everything done to it. I have looked at comps (Versailles, Strata, P&P, and so on) which are "filled" and generating the rents I would like, however I am concerned that the "A Type" market I am shooting for is extremely limited, and could be eliminated should Allentown start swinging back the other direction. Landlords in Allentown, are you noticing your improvements to generate a higher quality tenant, or is it hard to not be a slum lord in Allentown? Thank you!