Most listings are in the $20's per square foot per year. The Downtown Pittsburgh submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Pittsburgh market, the Downtown Pittsburgh submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1226 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the available space in the Downtown Pittsburgh are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,330 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 10 stories. Most buildings in this market were built in 1927 and are Class B.
Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Pittsburgh folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Pittsburgh.
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