Downtown Pittsburgh Retail

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NAI Pittsburgh
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908 Penn Ave - 3 Spaces Downtown Pittsburgh, Pittsburgh, PA rental rate negotiable
Aug 19
1,000 - 4,230
sqft
Sublease Retail Other
808 Penn Ave - Floor 3 Downtown Pittsburgh, Pittsburgh, open floor plan
Aug 18
2,200
sqft
Office Retail
301 Grant St - Floor 1 Pittsburgh, partial floor opportunity
Jul 31
6,000
sqft
Retail Other

Downtown Pittsburgh

Market Report

Number of Listings
Posted in the last 90 days
70
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
5,330

Downtown Pittsburgh Rates

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.

Downtown Pittsburgh Listing Supply

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.

Downtown Pittsburgh Community

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.

Market Data

Real time and historical data on commercial real estate listings in Downtown Pittsburgh.
Research