While the shutdown of real estate and construction in Pennsylvania from the COVID-19 pandemic may have slowed the market, a report by CBRE shows that the Greater Lehigh Valley and surrounding regions retained a robust commercial real estate activity during the second quarter.

With the Lehigh Valley Academy charter school planning to build and move to a facility of its own in September, 2023, PennCap Properties has begun looking for a new tenant.

Colliers International, a global commercial real estate firm headquartered in Toronto, said it has completed the acquisition of Maser Consulting PA of Red Bank, New Jersey.

The greater Lehigh Valley region is well positioned for the future of commercial real estate according to a report by CBRE looking at the Northeast U.S. market.