On average, listings lease in the $20's per square foot per year. The Downtown Pittsburgh region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Pittsburgh market, the Downtown Pittsburgh region has smaller rates, so you should have no trouble finding a great deal in this discounted 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 5% of the available space in the Downtown Pittsburgh are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,800 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 14 floors. Most buildings in this area were built in 1927 and are Class B.
Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Pittsburgh occupants. Commuting approximately 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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