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Cultural District Commercial Real Estate For Lease

Cultural District

Market Report

Number of Listings For Lease
Posted in the last 90 days
9
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
1,700

Cultural District Commercial Real Estate

Find Cultural District commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Cultural District commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Cultural District Rates

On average, commerial real estate listings lease in the $20's per square foot per year. The Cultural District submarket is experiencing a decrease in rates. In the last 3 months, the median rate for lease fell $16 per sqft per year.

Compared to the rest of the Pittsburgh commercial real estate market, the Cultural District submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.

Cultural District Listing Supply

In the last 90 days, 259 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Cultural District are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard size for office space in this area is around 1,700 sqft. Most properties in this market are approximately 10 floors. Most buildings in this area were built around 1917 and are Class B.

Cultural District Community

Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Cultural District occupants. Commuting around 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 Cultural District.
Research