On average, listings lease in the $10's per square foot per year. The First Side submarket is going through a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 25% decrease in rent.
Compared to the rest of the Pittsburgh market, the First Side region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 91 listings have been posted online, so you'll want to check back regularly for new listings. About 20% of the office spaces in the First Side are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 5 stories. Most buildings in this area were built in 1910 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this area. Most of the occupants of First Side work from home. Commuting approximately an hour 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 First Side.
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