On average, listings lease in the $20's per square foot per year. The Fifth and Forbes Corridor submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Pittsburgh market, the Fifth and Forbes Corridor region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 711 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Fifth and Forbes Corridor are subleases, so you will probably have to focus your search on direct office leases. 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 5,500 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 14 floors. Most buildings in this area were built in 1930 and are Class B.
Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Fifth and Forbes Corridor residents. Commuting between 20 and 25 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 Fifth and Forbes Corridor.
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